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Overview / Commentary
845-452-7323
1 Commerce St
Poughkeepsie, NY 12603

Teg Credit Union is headquartered in Poughkeepsie and is the 46th largest credit union in the state of New York. It is also the 917st largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 68 employees and 24,490 members. Teg Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Dutchess, Orange, or Ulster County in New York. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 Teg Credit Union had $781,000 in non-current loans and owned real-estate with $17.79 million in equity and loan loss allowances on hand to cover it. This gives Teg Credit Union a Texas Ratio of 4.39% 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 Teg Credit Union experienced no significant changes from 4.08% as of March 31, 2013 to 4.39% as of March 31, 2014, resulting in a negative change of 7.56%. This indicates that the balance sheet and financial strength for Teg Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Teg Credit Union has increased its total deposits by $12.98 million, resulting in 7.45% 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 Teg Credit Union has shown is excellent.

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. Teg Credit Union has $205.97 million in assets with $17.79 million in equity, resulting in a capitalization level of 8.64%, which is average.

Institution Statistics

Overall
NCUA #19401
Year Chartered1969
Employees68
Primary Regulator
Assets and Liabilities
Assets$205.97 million
Loans$134.99 million
Deposits$187.12 million
Equity Capital$16.68 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$673,000
Real Estate Owned$108,000
Historic Data - March 2013
Assets$192.47 million
Equity Capital$16.02 million
Loan Loss Allowance$991,000
Unbacked Noncurrent Loans$673,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.34%
Return on Assets0.29%
Return on Equity3.57%
Interest Income$2.11 million
Rates
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Teg Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Holding Account
0.25%--Roth IRA Holding Account
0.25%--CESA Holding Account
0.10%$100-Primary Savings
0.10%$100-Custodial Savings
0.10%$100$500Vacation Club
0.10%$100$500Holiday Club
0.10%$100$500Summer Savings
0.10%$100$500Special Savings

Teg Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Account
0.35%$50k-Business Money Market

Teg Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-60 Month CD
1.76%$500-48 to 59 Month CD
1.11%$10k-36 to 47 Month CD
0.90%$500-24 to 35 Month CD
0.65%$500-12 to 23 Month CD
0.40%$500-6 to 11 Month CD
0.30%$500-3 to 5 Month CD

Teg Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.07%$500-60 Month IRA
2.07%$500-60 Month Roth IRA
2.07%$500-60 Month Educational IRA
1.81%$500-48 Month IRA
1.81%$500-48 Month Roth IRA
1.81%$500-48 Month Educational IRA
1.16%$500-36 Month IRA
1.16%$500-36 Month Roth IRA
1.16%$500-36 Month Educational IRA
0.95%$500-24 Month IRA
0.95%$500-24 Month Roth IRA
0.95%$500-24 Month Educational IRA
0.70%$500-12 Month IRA
0.70%$500-12 Month Roth IRA
0.70%$500-12 Month Educational IRA
0.45%$500-6 Month IRA
0.45%$500-6 Month Roth IRA
0.45%$500-6 Month Educational IRA
0.35%$500-3 Month IRA
0.35%$500-3 Month Roth IRA
0.35%$500-3 Month Educational IRA
Locations


Teg Credit Union Locations
Branch Office196 Old Route 9Fishkill, NY 12524-2426
Branch Office1 Commerce StPoughkeepsie, NY 12603
Branch Office900 Route 376Wappingers Falls, NY 12590
Branch Office11 Marist Dr Suite 5Poughkeepsie, NY 12601
Branch Office4282 Albany Post RdHyde Park, NY 12538
Branch Office16 N Plank Rd Ste 105Newburgh, NY 12550
Branch Office2540 Route 55Poughquag, NY 12570