Tuscaloosa Teachers Credit Union
Tuscaloosa Teachers Credit Union is headquartered in Tuscaloosa and is the 29th largest credit union in the state of Alabama. It is also the 1,335th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 21 employees and 8,459 members. Tuscaloosa Teachers Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to residents of the following Alabama counties: Tuscaloosa, Bibb, Fayette, Greene, Hale, and Pickens. - See Details
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Data for Q4 2013
Institution Health
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, 2013 Tuscaloosa Teachers Credit Union had $1.48 million in non-current loans and owned real-estate with $13.6 million in equity and loan loss allowances on hand to cover it. This gives Tuscaloosa Teachers Credit Union a Texas Ratio of 10.92% 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 Tuscaloosa Teachers Credit Union experienced no significant changes from 6.53% as of December 31, 2012 to 10.92% as of December 31, 2013, resulting in a negative change of 67.09%. This indicates that the balance sheet and financial strength for Tuscaloosa Teachers Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Tuscaloosa Teachers Credit Union has increased its total deposits by $4.87 million, resulting in 4.87% 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 Tuscaloosa Teachers 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. Tuscaloosa Teachers Credit Union has $118.56 million in assets with $13.6 million in equity, resulting in a capitalization level of 11.47%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 60942 |
| Year Chartered | 1953 |
| Employees | 21 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $118.56 million |
| Loans | $38.10 million |
| Deposits | $104.85 million |
| Equity Capital | $13.34 million |
| Loan Loss Allowance | $266,000 |
| Unbacked Noncurrent Loans | $1.19 million |
| Real Estate Owned | $300,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $114.83 million |
| Equity Capital | $14.35 million |
| Loan Loss Allowance | $435,000 |
| Unbacked Noncurrent Loans | $1.19 million |
| Real Estate Owned | $294,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.37% |
| Return on Assets | 0.62% |
| Return on Equity | 5.47% |
| Interest Income | $3.30 million |
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Tuscaloosa Teachers Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $25 | - | CESA Savings | |
| 0.45% | $25 | - | Roth IRA Savings | |
| 0.45% | $25 | - | SEP IRA Savings | |
| 0.45% | $25 | - | IRA Savings | |
| 0.25% | $25 | - | Regular Savings | |
| 0.25% | $25 | - | Club Savings |
Tuscaloosa Teachers Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $100k | - | Money Market |
Tuscaloosa Teachers Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Checking |
Tuscaloosa Teachers Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | $1k | - | 60 Month CD | |
| 1.25% | $1k | - | 48 Month CD | |
| 1.10% | $1k | - | 36 Month CD | |
| 0.95% | $1k | - | 24 Month CD | |
| 0.80% | $1k | - | 18 Month CD | |
| 0.65% | $1k | - | 12 Month CD | |
| 0.50% | $1k | - | 6 Month CD |
Tuscaloosa Teachers Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | $1k | - | 60 Month IRA (Traditional,Roth,CESA,SEP) | |
| 1.25% | $1k | - | 48 Month IRA (Traditional,Roth,CESA,SEP) | |
| 1.10% | $1k | - | 36 Month IRA (Traditional,Roth,CESA,SEP) | |
| 0.95% | $1k | - | 24 Month IRA (Traditional,Roth,CESA,SEP) | |
| 0.80% | $1k | - | 18 Month IRA (Traditional,Roth,CESA,SEP) | |
| 0.65% | $1k | - | 12 Month IRA (Traditional,Roth,CESA,SEP) | |
| 0.50% | $1k | - | 6 Month IRA (Traditional,Roth,CESA,SEP) |
| Tuscaloosa Teachers Credit Union Locations | ||
|---|---|---|
| Branch Office | 6570 Highway 69 S Ste J | Tuscaloosa, AL 35405-6208 |
| Branch Office | 1615 McFarland Blvd | Northport, AL 35476-3260 |
| Branch Office | 2520 6th St | Tuscaloosa, AL 35401-1702 |