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.
Must live, work, worship, volunteer or attend school in the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery or Philadelphia. - See Details
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...
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!!!
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.
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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||1.04%|
|Return on Assets||0.86%|
|Return on Equity||7.9%|
|Interest Income||$12.34 million|
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|0.20%||-||-||Variable Rate IRA|
|0.20%||-||-||Variable Rate Roth IRA|
|0.20%||-||-||Variable Rate CESA|
|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|
|0.25%||-||-||Smart Start Checking|
|2.40%||$75k||-||60 Month Jumbo CD|
|2.35%||$500||-||60 Month CD|
|2.05%||$75k||-||48 Month Jumbo CD|
|2.00%||$500||-||48 Month CD|
|1.55%||$75k||-||36 Month Jumbo CD|
|1.50%||$500||-||36 Month CD|
|1.30%||$75k||-||30 Month Jumbo CD|
|1.25%||$500||-||30 Month CD|
|1.05%||$75k||-||24 Month Jumbo CD|
|1.00%||$500||-||24 Month CD|
|0.55%||$75k||-||12 Month Jumbo CD|
|0.50%||$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|
|2.35%||$500||-||60 Month Fixed Rate IRA|
|2.00%||$500||-||48 Month Fixed Rate IRA|
|1.50%||$500||-||36 Month Fixed Rate IRA|
|1.25%||$500||-||30 Month Fixed Rate IRA|
|1.00%||$500||-||24 Month Fixed Rate IRA|
|0.50%||$500||-||12 Month Fixed Rate IRA|
|0.40%||$500||-||9 Month Fixed Rates IRA|
|0.35%||$500||-||6 Month Fixed Rate IRA|