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 66th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 731 employees and 186,849 members. Texas Dow Employees Credit Union has a A health rating.
You must be a U.S. citizen or resident alien, live, work or worship in one of TDECU's Membership Zip Codes, and be at least 18 years of age to join online. If your zip code is not listed, you may contact Member Care at 800-839-1154 or visit a TDECU branch to learn if you qualify. - See Details
This credit union used shady business tactics to take thousands of dollars from my family. If you value your money, don't use tdecu.
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!
I had been a patron of a commercial bank in the northeast for well over 20 years. They were great at first, with very customer-friendly hours. Over time, and after a merger, the fees started going up and up and up, while customer service went down and down.
After a recent move, I had to choose a new bank. I chose Texas Dow Employees Credit Union, as family members belonged. I was very pleasantly surprised by the service and products. I would never go back to commercial banks. This credit union is like a family and I am very pleased with it.
Not a user friendly bank at all and too difficult to set up online banking. They alienate you in their so called effort to protect you. By far the most difficult bank I've ever used. Setting up my business account, accessing the funds has been way too stressful. But they are friendly!
This credit union is so unorganized. Bluebonnet merged with them at the end of the month and now there are missing transactions. No one has any answers!!! Bluebonnet FCU made a BIG mistake!!!!!!!!!!
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 Texas Dow Employees Credit Union had $11.41 million in non-current loans and owned real-estate with $219.44 million in equity and loan loss allowances on hand to cover it. This gives Texas Dow Employees Credit Union a Texas Ratio of 5.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Texas Dow Employees Credit Union decreased slightly from 7.24% as of March 31, 2013 to 5.20% as of March 31, 2014, resulting in a positive change of 28.22%.This indicates that the balance sheet and financial strength for Texas Dow Employees Credit Union has improved slightly in recent periods.
In the past year, Texas Dow Employees Credit Union has increased its total deposits by $236.1 million, resulting in 13.73% 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.
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 $2.28 billion in assets with $219.44 million in equity, resulting in a capitalization level of 9.62%, which is above average.
|Assets and Liabilities|
|Equity Capital||$199.38 million|
|Loan Loss Allowance||$20.05 million|
|Unbacked Noncurrent Loans||$11.31 million|
|Real Estate Owned||$104,000|
|Historic Data - March 2013|
|Equity Capital||$175.86 million|
|Loan Loss Allowance||$24.62 million|
|Unbacked Noncurrent Loans||$11.31 million|
|Real Estate Owned||$2.79 million|
|Profit Margin - Quarterly|
|Net Interest Margin||1.34%|
|Return on Assets||0.74%|
|Return on Equity||8.41%|
|Interest Income||$26.33 million|
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|0.25%||-||-||Savings Roth IRA|
|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|
|1.75%||$1k||-||60 Month IRA|
|1.50%||$1k||-||48 Month IRA|
|1.20%||$1k||-||36 Month IRA|
|1.10%||$1k||-||30 Month IRA|
|1.00%||$1k||-||24 Month IRA|
|0.70%||$1k||-||18 Month IRA|
|0.60%||$1k||-||12 Month IRA|
|0.45%||$1k||-||6 Month IRA|
|0.35%||$1k||-||3 Month IRA|