Tucson Credit Union is headquartered in TUCSON and is the 11st largest credit union in the state of Arizona. It is also the 607th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 122 employees and 48,059 members. Tucson Credit Union has a A health rating.
TFCU membership is open to anyone who lives, works, worships, volunteers, or attends school in Pima County and their immediate families and household members. In order to open a personal account at TFCU, you must meet the above criteria. To open a business account, your business must operate in Pima County. - See Details
No reviews have been left for this bank yet. Be the first to review.
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 Tucson Credit Union had $878,000 in non-current loans and owned real-estate with $32.6 million in equity and loan loss allowances on hand to cover it. This gives Tucson Credit Union a Texas Ratio of 2.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Tucson Credit Union decreased dramatically from 4.70% as of March 31, 2013 to 2.69% as of March 31, 2014, resulting in a positive change of 42.66%.This indicates that the balance sheet and financial strength for Tucson Credit Union has improved dramatically in recent periods.
In the past year, Tucson Credit Union has increased its total deposits by $2.9 million, resulting in 0.9% 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 Tucson Credit Union has shown is above 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. Tucson Credit Union has $358.75 million in assets with $32.6 million in equity, resulting in a capitalization level of 9.09%, which is average.
|Assets and Liabilities|
|Equity Capital||$29.61 million|
|Loan Loss Allowance||$2.99 million|
|Unbacked Noncurrent Loans||$829,000|
|Real Estate Owned||$49,000|
|Historic Data - March 2013|
|Equity Capital||$26.58 million|
|Loan Loss Allowance||$4.61 million|
|Unbacked Noncurrent Loans||$829,000|
|Real Estate Owned||$353,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.38%|
|Return on Assets||0.94%|
|Return on Equity||11.38%|
|Interest Income||$3.37 million|
Always verify rates and promotions with the bank or credit union. We are not Tucson Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.35%||-||-||Regular IRA Savings|
|0.35%||-||-||Roth IRA Savings|
|0.12%||$75k||-||Premier Money Market|
|0.03%||$10k||-||Better Business Checking|
|0.01%||$2,500||-||55 Prime Checking|
|0.01%||-||-||Basic Business Checking|
|1.28%||$500||-||5 Year Share Certificate|
|0.95%||$500||-||4 Year Share Certificate|
|0.74%||$500||-||3 Year Share Certificate|
|0.53%||$500||-||2 Year Share Certificate|
|0.30%||$500||-||1 Year Share Certificate|
|0.20%||$1k||-||180 Day Share Certificate|
|1.28%||$500||-||5 Year IRA Certificate|
|0.95%||$500||-||4 Year IRA Certificate|
|0.74%||$500||-||3 Year IRA Certificate|
|0.53%||$500||-||2 Year IRA Certificate|
|0.30%||$500||-||1 Year IRA Certificate|
|0.20%||$1k||-||180 Day IRA Certificate|
|Tucson Credit Union Locations|
|Branch Office||8145 E 22ND ST||TUCSON, AZ 85710-8511|
|Branch Office||1740 W SPEEDWAY BLVD||TUCSON, AZ 85745-2218|
|Branch Office||12100 N THORNYDALE RD FRY'S MARKETPLACE||MARANA, AZ 85658-4755|
|Branch Office||15950 S RANCHO SAHUARITA BLVD FRY'S MARKETPLACE||SAHUARITA, AZ 85629-8010|
|Branch Office||3755 S MISSION RD||TUCSON, AZ 85713-5624|
|Branch Office||3801 E SPEEDWAY BLVD||TUCSON, AZ 85716-4021|
|Branch Office||1160 N WINSTEL BLVD||TUCSON, AZ 85716-4023|
|Branch Office||7216 N ORACLE RD||TUCSON, AZ 85704-6303|