Tower Credit Union

Tower Credit Union is headquartered in Laurel and is the largest credit union in the state of Maryland. It is also the 47^th largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 394 employees and 123,167 members. Tower Credit Union has a 5-star health rating.

Tower Credit Union Checking Account Rates

Tower Credit Union Savings Account Rates

Tower Credit Union Money Market Rates

Tower Credit Union CD Rates

Tower Credit Union IRA Rates

Data for Q4 2011

Institution Statistics TOWER NCUA # 8333 BankRate Report View Year Chartered 1953 Employees 394 Primary Regulator Assets and Liabilities Assets $2.37 billion Loans $1.26 billion Deposits $1.92 billion Equity Capital $239.62 million Loan Loss Allowance $7.54 million Unbacked Noncurrent Loans $12.78 million Real Estate Owned $223,000 Historic Data - December 2010 Assets $2.24 billion Equity Capital $233.57 million Loan Loss Allowance $7.04 million Unbacked Noncurrent Loans $11.34 million Profit Margin - Quarterly Net Interest Margin 4.32% Return on Assets 0.32% Return on Equity 3.12% Interest Income $70.84 million Non-Interest Income $22.58 million

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 Tower Credit Union had $13 million in non-current loans and owned real-estate with $247.16 million in equity and loan loss allowances on hand to cover it. This gives Tower Credit Union a Texas Ratio of 5.26% 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 Tower Credit Union held steady from 4.71% as of December 31, 2010 to 5.26% as of December 31, 2011, resulting in a negative change of 11.60%. This indicates that the balance sheet and financial strength for Tower Credit Union has held steady in recent periods. Deposit Growth In the past year, Tower Credit Union has increased its total deposits by $137.43 million, resulting in 7.73% 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 Tower 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. Tower Credit Union has $2.37 billion in assets with $247.16 million in equity, resulting in a capitalization level of 10.42%, which is above average.

No reviews have been left for this bank yet. Be the first to review.