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Overview / Commentary
205-759-1505
2520 6th St
Tuscaloosa, AL 35401-1702

Tuscaloosa Teachers Credit Union is headquartered in Tuscaloosa and is the 29th largest credit union in the state of Alabama. It is also the 1,354th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 22 employees and 8,442 members. Tuscaloosa Teachers Credit Union's money market rates are 14% higher than the national average, and it 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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Health

Data for Q1 2014

Institution Health

B+

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 Tuscaloosa Teachers Credit Union had $1.23 million in non-current loans and owned real-estate with $14.16 million in equity and loan loss allowances on hand to cover it. This gives Tuscaloosa Teachers Credit Union a Texas Ratio of 8.70% 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 Tuscaloosa Teachers Credit Union experienced no significant changes from 8.83% as of March 31, 2013 to 8.70% as of March 31, 2014, resulting in a positive change of 1.40%.This indicates that the balance sheet and financial strength for Tuscaloosa Teachers Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Tuscaloosa Teachers Credit Union has decreased its total deposits by $-54,000, resulting in -0.05% 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 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. Tuscaloosa Teachers Credit Union has $119.51 million in assets with $14.16 million in equity, resulting in a capitalization level of 11.85%, which is excellent.

Institution Statistics

Overall
NCUA #60942
Year Chartered1953
Employees22
Primary Regulator
Assets and Liabilities
Assets$119.51 million
Loans$38.01 million
Deposits$105.30 million
Equity Capital$13.90 million
Loan Loss Allowance$260,000
Unbacked Noncurrent Loans$932,000
Real Estate Owned$300,000
Historic Data - March 2013
Assets$120.56 million
Equity Capital$14.35 million
Loan Loss Allowance$431,000
Unbacked Noncurrent Loans$932,000
Real Estate Owned$353,000
Profit Margin - Quarterly
Return on Assets0.8%
Return on Equity6.85%
Interest Income$847,000
Rates

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

Tuscaloosa Teachers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.50%$100k-Money Market

Tuscaloosa Teachers Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Checking

Tuscaloosa Teachers Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.51%$1k-60 Month IRA
1.25%$1k-48 Month IRA
1.10%$1k-36 Month IRA
0.95%$1k-24 Month IRA
0.80%$1k-18 Month IRA
0.65%$1k-12 Month IRA
0.50%$1k-6 Month IRA
Locations


Tuscaloosa Teachers Credit Union Locations
Branch Office6570 Highway 69 S Ste JTuscaloosa, AL 35405-6208
Branch Office1615 McFarland BlvdNorthport, AL 35476-3260
Branch Office2520 6th StTuscaloosa, AL 35401-1702