Tobyhanna Federal Credit Union is headquartered in Scranton and is the 30th largest credit union in the state of Pennsylvania. It is also the 948th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 56 employees and 23,272 members. Tobyhanna Federal Credit Union has a B+ health rating.
If you are or choose to become a member of or volunteer with American Consumer Council, Lackawanna River Corridor Association or Tobyhanna Army Depot Chapter of the Association of the United States Army , you may be eligible to join the credit union.
You can also be eligible if you live or work within a three-mile radius of the Veterans Memorial Bridge (formerly the Interborough Bridge). You can also be eligible if you are a civilian or military personnel of the Department of Defense assigned to the Tobyhanna Army Depot.- See Details
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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 Tobyhanna Federal Credit Union had $3.66 million in non-current loans and owned real-estate with $20.31 million in equity and loan loss allowances on hand to cover it. This gives Tobyhanna Federal Credit Union a Texas Ratio of 18.03% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Tobyhanna Federal Credit Union experienced no significant changes from 17.61% as of March 31, 2013 to 18.03% as of March 31, 2014, resulting in a negative change of 2.36%. This indicates that the balance sheet and financial strength for Tobyhanna Federal Credit Union has had no significant changes in recent periods.
In the past year, Tobyhanna Federal Credit Union has increased its total deposits by $19.41 million, resulting in 12.22% 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 Tobyhanna Federal 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. Tobyhanna Federal Credit Union has $196.65 million in assets with $20.31 million in equity, resulting in a capitalization level of 10.33%, which is above average.
|Assets and Liabilities|
|Equity Capital||$17.52 million|
|Loan Loss Allowance||$2.80 million|
|Unbacked Noncurrent Loans||$3.43 million|
|Real Estate Owned||$235,000|
|Historic Data - March 2013|
|Equity Capital||$16.22 million|
|Loan Loss Allowance||$3.10 million|
|Unbacked Noncurrent Loans||$3.43 million|
|Real Estate Owned||$178,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.07%|
|Return on Assets||0.55%|
|Return on Equity||6.12%|
|Interest Income||$1.96 million|
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|0.50%||-||$10k||Kasasa Saver - Qualifying|
|0.40%||-||-||IRA Share Savings|
|0.40%||-||-||Roth IRA Share Savings|
|0.01%||-||-||Kasasa Saver - Non Qualifying|
|0.20%||$50k||-||Money Market Account|
|2.50%||-||$10k||Kasasa Cash - Qualifying|
|0.01%||-||-||Kasasa Cash - Non Qualifying|
|3.04%||$1k||-||7 Year Prime Share Certificate|
|1.85%||$25k||-||60 Month Share Certificate|
|1.45%||$25k||-||48 Month Share Certificate|
|1.00%||$500||-||30 Month Share Certificate Special|
|0.85%||$25k||-||36 Month Share Certificate|
|0.80%||$500||-||18 Month Bump Up Share Certificate Special|
|0.75%||$25k||-||24 Month Share Certificate|
|0.60%||$100||-||14 Month Add To Me Share Certificate - Bonus Rate|
|0.55%||$5k||-||13 Month Blended Share Certificate|
|0.50%||$25k||-||12 Month Share Certificate|
|0.35%||$25k||-||6 Month Share Certificate|
|0.35%||$100||-||14 Month Add To Me Share Certificate|
|0.25%||$25k||-||3 Month Share Certificate|
|0.25%||$1k||-||18 Month EZ Access Share Certificate|
|1.85%||$25k||-||60 Month IRA Certificate|
|1.45%||$25k||-||48 Month IRA Certificate|
|0.85%||$25k||-||36 Month IRA Certificate|
|0.75%||$25k||-||24 Month IRA Certificate|
|0.50%||$25k||-||12 Month IRA Certificate|
|0.35%||$25k||-||6 Month IRA Certificate|
|0.25%||$25k||-||3 Month IRA Certificate|
|Tobyhanna Federal Credit Union Locations|
|Administrative Office||315 Franklin Ave||Scranton, PA 18503|
|Branch Office||880 Schechter Dr||Wilkes Barre, PA 18702|
|Branch Office||11 Hap Arnold Blvd||Tobyhanna, PA 18466|
|Branch Office||110 Progress St||East Stroudsburg, PA 18301|
|Branch Office||315 Franklin Ave||Scranton, PA 18503|