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Overview / Commentary
210-521-2898
P.O. Box 760746
San Antonio, TX 78245

Texas Workforce Credit Union is headquartered in San Antonio and is the 354th largest credit union in the state of Texas. It is also the 4,535th largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 4 employees and 1,080 members. Texas Workforce Credit Union's savings rates are 27% higher than the national average, but it has a C- health rating.

Field of Membership Restrictions

Must be an employee or retiree of the Texas Workforce Commission. Also open to those who live, work, worship or attend school within a 10 mile radius of the credit union office. - See Details

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Health

Data for Q4 2013

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Texas Workforce Credit Union has a very low asset base.

Texas Ratio

GRADE:
C+

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 Workforce Credit Union had $236,000 in non-current loans and owned real-estate with $1.05 million in equity and loan loss allowances on hand to cover it. This gives Texas Workforce Credit Union a Texas Ratio of 22.43% which is average. 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 Workforce Credit Union increased slightly from 10.00% as of December 31, 2012 to 22.43% as of December 31, 2013, resulting in a negative change of 124.33%. This indicates that the balance sheet and financial strength for Texas Workforce Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Texas Workforce Credit Union has decreased its total deposits by $-474,000, resulting in -5.34% 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 Workforce Credit Union has shown is below average.

Capitalization

GRADE:
A

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 Workforce Credit Union has $9.34 million in assets with $1.05 million in equity, resulting in a capitalization level of 11.26%, which is excellent.

Institution Statistics

Overall
NCUA #61267
Year Chartered1955
Employees4
Primary Regulator
Assets and Liabilities
Assets$9.34 million
Loans$7.52 million
Deposits$8.40 million
Equity Capital$915,000
Loan Loss Allowance$137,000
Unbacked Noncurrent Loans$236,000
Real Estate Owned$0
Historic Data - December 2012
Assets$9.77 million
Equity Capital$889,000
Loan Loss Allowance$131,000
Unbacked Noncurrent Loans$236,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.02%
Return on Assets0.27%
Return on Equity2.73%
Interest Income$465,000
Rates
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Texas Workforce Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.66%$10k-Regular Shares
0.66%$10k-Special Savings

Texas Workforce Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$10k-36 Month CD
1.26%$5k-24 Month CD
1.01%$5k-18 Month CD
0.75%$1k-12 Month CD
Locations


Texas Workforce Credit Union Locations
Branch Office4801 NW Loop 410 Ste 100San Antonio, TX 78229