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TruMark Financial Credit Union

Based on 2 reviews
TruMark Financial Credit Union
Overview / Commentary
215-953-5353
1000 Northbrook Dr
Trevose, PA 19053-8430

TruMark Financial Credit Union is headquartered in Trevose and is the 5th largest credit union in the state of Pennsylvania. It is also the 125th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 234 employees and 97,741 members. TruMark Financial Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery or Philadelphia. - See Details

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Reviews (2)

Nightmare Experiences With Trumark Credit Union

they are the worst, they charged me almost $300 for overdraft charges on items that merchant posted back on the same day. They still charged me and did not bother to reverse a fee and credit me back, explaining i signed the paper when i open up the account. Poor custumer servise, please look somewhere else without agrivation...

Bank Elsewhere!

This is the worst credit union out there.  They are focused on one thing... their bottom line.  What does that mean for us, the consumers?  Poor customer service, low interest rates, and unnecessary fees.  If you're considering this bank, look elsewhere.  I've been a member for years, but that is about to change.  As soon as my automatic payments begin coming out of my new account, this one will be closed and good riddens!!!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 TruMark Financial Credit Union had $7.15 million in non-current loans and owned real-estate with $168.88 million in equity and loan loss allowances on hand to cover it. This gives TruMark Financial Credit Union a Texas Ratio of 4.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for TruMark Financial Credit Union experienced no significant changes from 4.34% as of March 31, 2013 to 4.23% as of March 31, 2014, resulting in a positive change of 2.43%.This indicates that the balance sheet and financial strength for TruMark Financial Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, TruMark Financial Credit Union has decreased its total deposits by -$5.94 million, resulting in -0.47% 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 TruMark Financial Credit Union has shown is 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. TruMark Financial Credit Union has $1.51 billion in assets with $168.88 million in equity, resulting in a capitalization level of 11.21%, which is excellent.

Institution Statistics

Overall
NCUA #66158
Year Chartered1939
Employees234
Primary Regulator
Assets and Liabilities
Assets$1.51 billion
Loans$1.02 billion
Deposits$1.27 billion
Equity Capital$163.28 million
Loan Loss Allowance$5.61 million
Unbacked Noncurrent Loans$6.35 million
Real Estate Owned$795,000
Historic Data - March 2013
Assets$1.44 billion
Equity Capital$150.54 million
Loan Loss Allowance$5.25 million
Unbacked Noncurrent Loans$6.35 million
Real Estate Owned$547,000
Profit Margin - Quarterly
Net Interest Margin1.04%
Return on Assets0.86%
Return on Equity7.9%
Interest Income$12.34 million
Rates

Always verify rates and promotions with the bank or credit union. We are not TruMark Financial Credit Union, we are a rate comparison website and can not provide official rates or promotions.

TruMark Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Regular Savings
0.20%--Holiday Club
0.20%--Vacation Club
0.20%--Variable Rate IRA
0.20%--Variable Rate Roth IRA
0.20%--Variable Rate CESA

TruMark Financial Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$75k-Maximizer Money Market
0.40%$75k-IRA Money Market
0.40%$75k-Roth IRA Money Market
0.40%$75k-CESA Money Market
0.35%--Savers Choice Money Market

TruMark Financial Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Smart Start Checking
0.15%--Premium Checking
0.10%--Plus Checking

TruMark Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.15%$75k-60 Month Jumbo CD
2.10%$500-60 Month CD
1.15%$75k-30 Month Jumbo CD
1.10%$500-30 Month CD
1.00%$75k-24 Month Jumbo CD
0.95%$500-24 Month CD
0.70%$75k-12 Month Jumbo CD
0.65%$500-12 Month CD
0.45%$75k-9 Month Jumbo CD
0.40%$500-9 Month CD
0.40%$75k-6 Month Jumbo CD
0.35%$500-5 Month CD
0.35%$500-6 Month CD

TruMark Financial Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.10%$500-60 Month Fixed Rate IRA
1.10%$500-30 Month Fixed Rate IRA
0.95%$500-24 Month Fixed Rate IRA
0.65%$500-12 Month Fixed Rate IRA
0.40%$500-9 Month Fixed Rates IRA
0.35%$500-6 Month Fixed Rate IRA
Locations

TruMark Financial Credit Union has 16 locations. Click to view all TruMark Financial Credit Union locations.