Transportation Credit Union
Transportation Credit Union is headquartered in Washington and is the 7th largest credit union in the District of Columbia. It is also the 950th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 49 employees and 18,916 members. Transportation Credit Union has a A health rating.
Field of Membership Restrictions
Must be an active or retired employee, military personnel, contractor, and other related occupational group affiliated with the U.S. Department of Transportation and the Federal Aviation Administration (Washington, D.C.). - See Details
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Data for Q1 2014
Institution Health
Texas Ratio
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 Transportation Credit Union had $549,000 in non-current loans and owned real-estate with $20.22 million in equity and loan loss allowances on hand to cover it. This gives Transportation Credit Union a Texas Ratio of 2.72% 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 Transportation Credit Union experienced no significant changes from 2.06% as of March 31, 2013 to 2.72% as of March 31, 2014, resulting in a negative change of 31.70%. This indicates that the balance sheet and financial strength for Transportation Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Transportation Credit Union has increased its total deposits by $2.99 million, resulting in 1.74% 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 Transportation Credit Union has shown is above average.
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. Transportation Credit Union has $196.44 million in assets with $20.22 million in equity, resulting in a capitalization level of 10.29%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 3140 |
| Year Chartered | 1939 |
| Employees | 49 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $196.44 million |
| Loans | $100.68 million |
| Deposits | $174.54 million |
| Equity Capital | $19.42 million |
| Loan Loss Allowance | $804,000 |
| Unbacked Noncurrent Loans | $549,000 |
| Real Estate Owned | $0 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $192.89 million |
| Equity Capital | $17.80 million |
| Loan Loss Allowance | $1.02 million |
| Unbacked Noncurrent Loans | $549,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.36% |
| Return on Assets | 0.4% |
| Return on Equity | 4.04% |
| Interest Income | $1.61 million |
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Transportation Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $25 | - | IRA Share Account | |
| 0.20% | $25 | - | Roth IRA Share Account | |
| 0.20% | $25 | - | CESA Share Account | |
| 0.10% | - | - | Regular Savings Account | |
| 0.10% | - | - | Club Account | |
| 0.05% | - | - | Life Savings Account |
Transportation Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $50k | - | Money Market Account |
Transportation Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Convenience Checking | |
| 0.05% | - | - | On the Move Checking |
Transportation Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.66% | $100k | - | 5 Year Jumbo CD | |
| 1.56% | $1k | - | 5 Year CD | |
| 1.46% | $100k | - | 4 Year Jumbo CD | |
| 1.36% | $1k | - | 4 Year CD | |
| 1.10% | $100k | - | 3 Year Jumbo CD | |
| 1.00% | $1k | - | 3 Year CD | |
| 0.85% | $100k | - | 2 Year Jumbo CD | |
| 0.75% | $1k | - | 2 Year CD | |
| 0.60% | $100k | - | 1 Year Jumbo CD | |
| 0.50% | $1k | - | 1 Year CD | |
| 0.40% | $1k | - | 6 Month Money Market CD | |
| 0.30% | $250 | - | 6 Month Affordable CD | |
| 0.20% | $25 | - | 12 Month First Step CD |
Transportation Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.91% | $100k | - | 5 Year Jumbo Traditional IRA | |
| 1.81% | $1k | - | 5 Year Traditional IRA | |
| 1.71% | $100k | - | 4 Year Jumbo Traditional IRA | |
| 1.61% | $1k | - | 4 Year Traditional IRA | |
| 1.36% | $100k | - | 3 Year Jumbo Traditional IRA | |
| 1.26% | $1k | - | 3 Year Traditional IRA | |
| 1.10% | $100k | - | 2 Year Jumbo Traditional IRA | |
| 1.00% | $1k | - | 2 Year Traditional IRA | |
| 0.85% | $100k | - | 1 Year Jumbo Traditional IRA | |
| 0.75% | $1k | - | 1 Year Traditional IRA |
| Transportation Credit Union Locations | ||
|---|---|---|
| Branch Office | 1200 New Jersey Ave SE West Wing, 1st Floor | Washington, DC 20590-0001 |