Institution Statistics
| TEXAS TECH | | NCUA # | 12858 | | BankRate Report | View | | Year Chartered | 1959 | | Employees | 25 | | Primary Regulator | |
Assets and Liabilities | | Assets | $77.99 million | | Loans | $58.92 million | | Deposits | $69.01 million | | Equity Capital | $8.54 million | | Loan Loss Allowance | $148,000 | | Unbacked Noncurrent Loans | $207,000 |
Historic Data - December 2010 | | Assets | $72.50 million | | Equity Capital | $7.86 million | | Loan Loss Allowance | $124,000 | | Unbacked Noncurrent Loans | $209,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.2% | | Return on Assets | 0.89% | | Return on Equity | 8.15% | | Interest Income | $3.61 million | | Non-Interest Income | $1.07 million |
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Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | 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, 2011 Texas Tech Credit Union had $207,000 in non-current loans and owned real-estate with $8.69 million in equity and loan loss allowances on hand to cover it. This gives Texas Tech Credit Union a Texas Ratio of 2.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Texas Tech Credit Union held steady from 2.62% as of December 31, 2010 to 2.38% as of December 31, 2011, resulting in a positive change of 9.05%.This indicates that the balance sheet and financial strength for Texas Tech Credit Union has held steady in recent periods. | | Deposit Growth | | | In the past year, Texas Tech Credit Union has increased its total deposits by $6.77 million, resulting in 10.88% 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 Tech Credit Union has shown is excellent. | | Capitalization |  | | 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 Tech Credit Union has $77.99 million in assets with $8.69 million in equity, resulting in a capitalization level of 11.15%, which is above average. |
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