1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Texas Dow Employees Credit Union

Texas Dow Employees Credit Union Locations
1001 Fm 2004 Rd
Lake Jackson, TX 77566
979-297-1154
www.tdecu.org

NCUA


Texas Dow Employees Credit Union is headquartered in Lake Jackson and is the 5th largest credit union in the state of Texas. It is also the 70th largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 574 employees and 167,735 members. Texas Dow Employees Credit Union has a 4-star health rating.

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Top 5-Year CD Rate at TDECU in the Houston Area - Local Only - 8/19/2011

Texas Dow Employees Credit Union continues to offer a very competitive 5-year CD rate: 3.00% APY for a $1,000 minimum deposit and a 3.25% APY for a $100,000 minimum. These rates are listed at the cred ...

Top 5-Year CD Rate at TDECU in Texas - Local Only - 3/16/2011

Texas Dow Employees Credit Union continues to offer some competitive CD rates. The short-term CD rates have gone down a little since my last report in November. However, the 5-year CD rate remains at ...

Competitive CD Rates at TDECU in Texas - Local Only - 11/19/2010

Texas Dow Employees Credit Union is offering several competitive CD rates. Another nice aspect is that Jumbo CDs earn a 0.25% APY above standard CD APY. A $100K deposit qualifies as a Jumbo. It seems ...



See Rates for: Checking | Savings | Money Market | CD | IRA

Texas Dow Employees Credit Union Checking Account Rates

ApyMinMaxProduct
0.25%--Escrow
0.25%--Checking

Texas Dow Employees Credit Union Savings Account Rates

ApyMinMaxProduct
0.25%--Savings
0.25%--Savings IRA
0.25%--Club
0.25%--Savings Roth IRA

Texas Dow Employees Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$100k-Money Market

Texas Dow Employees Credit Union CD Rates

ApyMinMaxProduct
1.75%$1k-60 Month CD
1.50%$1k-48 Month CD
1.20%$1k-36 Month CD
1.10%$1k-30 Month CD
1.00%$1k-24 Month CD
0.70%$1k-18 Month CD
0.60%$1k-12 Month CD
0.45%$1k-6 Month CD
0.35%$1k-3 Month CD

Texas Dow Employees Credit Union IRA Rates

ApyMinMaxProduct
1.75%$1k-60 Month IRA
1.75%$1k-60 Month Roth IRA
1.50%$1k-48 Month IRA
1.50%$1k-48 Month Roth IRA
1.20%$1k-36 Month IRA
1.20%$1k-36 Month Roth IRA
1.10%$1k-30 Month IRA
1.10%$1k-30 Month Roth IRA
1.00%$1k-24 Month IRA
1.00%$1k-24 Month Roth IRA
0.70%$1k-18 Month IRA
0.70%$1k-18 Month Roth IRA
0.60%$1k-12 Month IRA
0.60%$1k-12 Month Roth IRA
0.45%$1k-6 Month IRA
0.45%$1k-6 Month Roth IRA
0.35%$1k-3 Month IRA
0.35%$1k-3 Month Roth IRA

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


TEXAS DOW EMPLOYEES
NCUA #60705
BankRate ReportView
Year Chartered1954
Employees574
Primary Regulator

Assets and Liabilities

Assets$1.98 billion
Loans$1.73 billion
Deposits$1.63 billion
Equity Capital$166.60 million
Loan Loss Allowance$26.54 million
Unbacked Noncurrent Loans$20.16 million
Real Estate Owned$3.31 million

Historic Data - December 2011

Assets$1.84 billion
Equity Capital$145.55 million
Loan Loss Allowance$30.89 million
Unbacked Noncurrent Loans$37.28 million
Real Estate Owned$1.99 million

Profit Margin - Quarterly

Net Interest Margin5.73%
Return on Assets1.12%
Return on Equity13.32%
Interest Income$100.88 million
Non-Interest Income$42.21 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 Texas Dow Employees Credit Union had $23.48 million in non-current loans and owned real-estate with $193.14 million in equity and loan loss allowances on hand to cover it. This gives Texas Dow Employees Credit Union a Texas Ratio of 12.15% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Texas Dow Employees Credit Union decreased significantly from 22.26% as of December 31, 2011 to 12.15% as of December 31, 2012, resulting in a positive change of 45.39%.This indicates that the balance sheet and financial strength for Texas Dow Employees Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Texas Dow Employees Credit Union has increased its total deposits by $124.15 million, resulting in 8.23% 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 Dow Employees Credit Union has shown is excellent.
Capitalization3
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 Dow Employees Credit Union has $1.98 billion in assets with $193.14 million in equity, resulting in a capitalization level of 9.73%, which is average.
Write Review

Tdecu Warning
1 stars - integrity - Friday, March 9, 2012 - 8:47 PM

This credit union used shady business tactics to take thousands of dollars from my family. If you value your money, don't use tdecu.

5

Don't Trust This Bank With $1
1 stars - smartconsumer - Tuesday, September 11, 2012 - 3:05 PM

Thes people should be ashamed of themselves. My account was recently cleaned out fraudulently, and instead of reimbursing the money and handling the investigation, we were told we would have to go through the criminal court system if we wanted our money back. This is absurd. I have encountered this situation with Wells Fargo and my funds were returned later that day, but all we got from this "bank" was an attitude. The supervisor informed me that i would have to file a police report in Texas, coordinate with the investigators in NYC to pull surveillance tapes, identify this person and pursue legal action relying on his ability to pay me back. Really? My advice if want to protect your hard earned money, is to find a bank that actually cares about your business. You've been warned!

2