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Overview / Commentary
713-852-6700
12611 Fuqua St
Houston, TX 77034

Texas Bay Area Credit Union is headquartered in Houston and is the 58th largest credit union in the state of Texas. It is also the 676th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 100 employees and 34,336 members. Texas Bay Area Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school several communities in the suburbs of Houston including areas within a 10 mile radius of any office. You can also be eligible via Select Employer Groups. - See Details

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Reviews (1)

GOOD BANK AND GOOD SERVICE

I LOVE TBACU, GOOD SERVICE, BUT I THINK WE NEED MORE LOCATIONS IN HOUSTON AREA!!!!! I HAVE BEEN WITH THEM FOR ALMOST 4 YEARS AND THEY ALWAYS TREAT ME WITH COURTESY AND RESPECT.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Texas Bay Area Credit Union had $2.95 million in non-current loans and owned real-estate with $32.44 million in equity and loan loss allowances on hand to cover it. This gives Texas Bay Area Credit Union a Texas Ratio of 9.08% 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 Texas Bay Area Credit Union experienced no significant changes from 9.13% as of December 31, 2012 to 9.08% as of December 31, 2013, resulting in a positive change of 0.58%.This indicates that the balance sheet and financial strength for Texas Bay Area Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Texas Bay Area Credit Union has increased its total deposits by $4.76 million, resulting in 1.95% 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 Texas Bay Area Credit Union has shown is above average.

Capitalization

GRADE:
B+

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. Texas Bay Area Credit Union has $306.58 million in assets with $32.44 million in equity, resulting in a capitalization level of 10.58%, which is above average.

Institution Statistics

Overall
NCUA #67465
Year Chartered1936
Employees100
Primary Regulator
Assets and Liabilities
Assets$306.58 million
Loans$227.15 million
Deposits$248.60 million
Equity Capital$30.40 million
Loan Loss Allowance$2.04 million
Unbacked Noncurrent Loans$2.70 million
Real Estate Owned$242,000
Historic Data - December 2012
Assets$289.41 million
Equity Capital$30.71 million
Loan Loss Allowance$1.55 million
Unbacked Noncurrent Loans$2.70 million
Real Estate Owned$95,000
Profit Margin - Quarterly
Net Interest Margin6.23%
Return on Assets0.44%
Return on Equity4.4%
Interest Income$14.61 million
Rates

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

Texas Bay Area Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$200k-IRA Deposit Account
0.12%$200k-Share Account
0.12%$200k-Christmas Club
0.12%$200k-Business Share Account

Texas Bay Area Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$200k-Money Market
0.14%$200k-Business Money Market

Texas Bay Area Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.76%-$15kMember Advantage
0.10%$200k-Business Elite Plus
0.09%$200k-Business Elite
0.08%$200k-Share Drafts
0.08%$200k-Business Select
0.05%--Member Advantage

Texas Bay Area Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$50k-Jumbo 60 Month CD
1.31%$50k-Jumbo 48 Month CD Special
1.21%$1k-60 Month CD
1.11%$1k-48 Month CD Special
0.90%$50k-Jumbo 36 Month CD Special
0.80%$50k-Jumbo 24 Month CD
0.70%$1k-36 Month CD Special
0.70%$50k-Jumbo 18 Month CD
0.60%$1k-24 Month CD
0.60%$50k-Jumbo 12 Month CD
0.50%$1k-18 Month CD
0.50%$50k-Jumbo 6 Month CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD
Locations


Texas Bay Area Credit Union Locations
Branch Office2955 Gulf Fwy SLeague City, TX 77573
Branch Office12611 Fuqua StHouston, TX 77034
Branch Office1301 W Pasadena FwyPasadena, TX 77506
Branch Office12310 W Lake Houston ParkwayHouston, TX 77044
Branch Office1300 W Pasadena FwyPasadena, TX 77506
Branch Office15245 Wallisville RdHouston, TX 77049