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Overview / Commentary
715-748-2447
825 E Allman St
Medford, WI 54451

Taylor Credit Union is headquartered in Medford and is the 68th largest credit union in the state of Wisconsin. It is also the 2,253rd largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 20 employees and 7,579 members. Taylor Credit Union has a B health rating.

Field of Membership Restrictions

Must live or work in Taylor, Price, Lincoln, Marathon or Clark County or within a 25-mile radius of Medford. - See Details

Reviews (1)

Works For Me

When I graduated from high school I figured it was time to open both a checking and a savings account (as well as getting a debit card) at a local bank or credit union, I choose Taylor Credit Union, because it was the institution that my older brothers and sisters have always used.

What I like about Taylor Credit Union:

You can use their MOMM system to make banking decisions through your phone, or you can use their DADD system to make banking decision through your computer. I use the MOMM system to check my account balances quite a bit and it comes in very handy.

I feel that they are trustworthy, as I have never had any type of problem with them, and I have never heard of anyone who has.

What I don't like about Taylor Credit Union:

The employees, at least all the ones that I have experienced, are not friendly. That makes visiting the Credit Union uncomfortable.

They do not offer any reward programs, that I know of, for using my debit card.

My conclusion:

Overall, Taylor Credit Union is an okay institution if you live in the area and don't have many options. I don't recommend it, but I don't not recommend it either.



Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Taylor Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Taylor Credit Union had $688,000 in non-current loans and owned real-estate with $6.16 million in equity and loan loss allowances on hand to cover it. This gives Taylor Credit Union a Texas Ratio of 11.17% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Taylor Credit Union experienced no significant changes from 11.16% as of March 31, 2013 to 11.17% as of March 31, 2014, resulting in a negative change of 0.07%. This indicates that the balance sheet and financial strength for Taylor Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Taylor Credit Union has increased its total deposits by $1.79 million, resulting in 4.06% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Taylor Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Taylor Credit Union has $51.98 million in assets with $6.16 million in equity, resulting in a capitalization level of 11.85%, which is excellent.

Institution Statistics

Overall
NCUA #66388
Year Chartered1951
Employees20
Primary Regulator
Assets and Liabilities
Assets$51.99 million
Loans$29.62 million
Deposits$45.85 million
Equity Capital$5.91 million
Loan Loss Allowance$250,000
Unbacked Noncurrent Loans$383,000
Real Estate Owned$305,000
Historic Data - March 2013
Assets$50.33 million
Equity Capital$5.99 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$383,000
Real Estate Owned$112,000
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets-0.02%
Return on Equity-0.2%
Interest Income$421,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Taylor Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Taylor Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Christmas Club Account
0.15%--Primary Saving Account
0.15%--Funeral Trust Account

Taylor Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$25k-Money Market Account

Taylor Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Traditional Share Draft Account
0.10%--Traditional checking Account
0.10%--Royale Share Draft Account
0.10%--Royale Checking Account
0.10%--Organization ShareDraft Account
0.10%--Business ShareDraft Account
0.10%--Organization Checking Account
0.10%--Business Checking Account

Taylor Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$10k-48 Month CD
1.21%$10k-36 Month CD
0.85%$10k-24 Month CD
0.55%$10k-12 Month CD
0.55%$10k-18 Month CD
0.40%$10k-6 Month CD
0.20%$2,500-3 Month CD

Taylor Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$10k-48 Month IRA
1.21%$10k-36 Month IRA
1.15%$500-48 Month Education IRA
0.85%$10k-24 Month IRA
0.80%$500-36 Month Education IRA
0.55%$10k-12 Month IRA
0.55%$500-24 Month Education IRA
0.30%$500-12 Month Education IRA
0.25%--Traditional IRA
0.25%--Roth IRA
0.25%--Coverdell Education Share IRA
Locations


Taylor Credit Union Locations
Branch Office825 E Allman StMedford, WI 54451
Branch Office310 S 4th StAbbotsford, WI 54405
Branch Office509 Clark StMedford, WI 54451
Branch Office420 Lincoln StMedford, WI 54451
Branch Office215 S Washington AveMedford, WI 54451
Branch Office510 W Hemlock StAbbotsford, WI 54405-9730