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574-284-6247
110 S Main St
South Bend, IN 46601-1805

Teachers Credit Union is headquartered in South Bend and is the largest credit union in the state of Indiana. It is also the 61st largest credit union in the nation. It was established in 1931 and as of March of 2014, it had grown to 583 employees and 258,026 members. Teachers Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live or work in live or work in Adams County, Allen County, Bartholomew County, Blackford County, Boone County, Brown County, Center Township - Marion County, Clay County, Clinton County, Decatur County, Dekalb County, Delaware County, Elkhart County, Fountain County, Franklin Township - Marion County, Fulton County, Grant County, Hamilton County, Hancock County, Hendricks County, Henry County, Howard County, Huntington County, Jackson County, Jennings County, Johnson County, Kosciusko County, LaPorte County, Lawrence County, Lawrence Township - Marion County, Madison County, Marshall County - Indiana, Monroe County, Montgomery County, Morgan County, Noble County, Owen County, Perry Township - Marion County, Pike Township - Marion County, Porter County, Putnam County, Rush County, Shelby County, St. Joseph County, Starke County, Tippecanoe County, Tipton County, Vigo County, Wabash County, Warren Township - Marion County, Washington Township - Marion County, Wayne Township - Marion County, Wells County, White County or Whitley County. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Teachers Credit Union had $11.94 million in non-current loans and owned real-estate with $217.43 million in equity and loan loss allowances on hand to cover it. This gives Teachers Credit Union a Texas Ratio of 5.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Teachers Credit Union experienced no significant changes from 5.97% as of March 31, 2013 to 5.49% as of March 31, 2014, resulting in a positive change of 7.95%.This indicates that the balance sheet and financial strength for Teachers Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Teachers Credit Union has increased its total deposits by $43.68 million, resulting in 2.13% 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 Teachers Credit Union has shown is above average.

Capitalization

GRADE:
C

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. Teachers Credit Union has $2.45 billion in assets with $217.43 million in equity, resulting in a capitalization level of 8.88%, which is average.

Institution Statistics

Overall
NCUA #60060
Year Chartered1931
Employees583
Primary Regulator
Assets and Liabilities
Assets$2.45 billion
Loans$1.98 billion
Deposits$2.10 billion
Equity Capital$201.58 million
Loan Loss Allowance$15.85 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$8.74 million
Historic Data - March 2013
Assets$2.39 billion
Equity Capital$196.04 million
Loan Loss Allowance$15.92 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$10.02 million
Profit Margin - Quarterly
Net Interest Margin0.75%
Return on Assets0.5%
Return on Equity6.03%
Interest Income$19.32 million
Rates
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Teachers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Health Savings Account
0.30%--Holiday Club
0.25%$25k-Regular Share
0.25%$25k-Vacation Club
0.25%$50k-Tiered IRA
0.25%--IRA Share
0.19%$25-Savers Club

Teachers Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.29%$500k-Money Market
0.24%$500k-Money Market Checking
0.01%$10k-Indexed Money Market

Teachers Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-61 Month Special CD
1.00%$1k-37 Month - Inflation Fighter Special CD
0.90%$1k-72 Month CD
0.81%$1k-60 Month CD
0.63%$1k-48 Month CD
0.48%$1k-36 Month CD
0.41%$1k-30 Month CD
0.34%$1k-24 Month CD
0.27%$1k-18 Month CD
0.21%$1k-12 Month CD
0.12%$1k-6 Month CD
0.09%$1k-3 Month CD

Teachers Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-61 Month Special IRA
1.00%$1k-37 Month - Inflation Fighter Special IRA
0.90%$1k-72 Month IRA
0.81%$1k-60 Month IRA
0.63%$1k-48 Month IRA
0.48%$1k-36 Month IRA
0.41%$1k-30 Month IRA
0.34%$1k-24 Month IRA
0.27%$1k-18 Month IRA
0.21%$1k-12 Month IRA
0.12%$1k-6 Month IRA
0.09%$1k-3 Month IRA
Locations

Teachers Credit Union has 50 locations. Click to view all Teachers Credit Union locations.