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940-720-8000
1401 Holliday
Wichita Falls, TX 76301

Union Square Credit Union is headquartered in Wichita Falls and is the 54th largest credit union in the state of Texas. It is also the 641st largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 117 employees and 22,145 members. Union Square Credit Union has a B+ health rating.

Field of Membership Restrictions

Union Square Federal Credit Union's field of membership is open to those who have the following common bonds: - Persons who live or work in Wichita County, Texas. - Spouses of persons who died while within the field of membership of this credit union. - Members of the immediate family of a person meeting the above requirements. - An organization of a person meeting the above requirements - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 Union Square Credit Union had $3.14 million in non-current loans and owned real-estate with $37.92 million in equity and loan loss allowances on hand to cover it. This gives Union Square Credit Union a Texas Ratio of 8.29% 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 Union Square Credit Union experienced no significant changes from 5.45% as of December 31, 2012 to 8.29% as of December 31, 2013, resulting in a negative change of 51.94%. This indicates that the balance sheet and financial strength for Union Square Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Union Square Credit Union has increased its total deposits by $5.14 million, resulting in 1.86% 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 Union Square Credit Union has shown is above 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. Union Square Credit Union has $324.79 million in assets with $37.92 million in equity, resulting in a capitalization level of 11.68%, which is excellent.

Institution Statistics

Overall
NCUA #11633
Year Chartered1957
Employees117
Primary Regulator
Assets and Liabilities
Assets$324.79 million
Loans$191.82 million
Deposits$282.13 million
Equity Capital$37.39 million
Loan Loss Allowance$533,000
Unbacked Noncurrent Loans$2.35 million
Real Estate Owned$794,000
Historic Data - December 2012
Assets$319.05 million
Equity Capital$36.21 million
Loan Loss Allowance$820,000
Unbacked Noncurrent Loans$2.35 million
Real Estate Owned$81,000
Profit Margin - Quarterly
Net Interest Margin4.14%
Return on Assets0.17%
Return on Equity1.51%
Interest Income$10.06 million
Rates

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

Union Square Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--HSA Checking
0.05%$25-Regular Share
0.05%--IRA Share

Union Square Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Money Market

Union Square Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.51%-$15kPremier Checking
0.05%--Premier Checking

Union Square Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-5 Year Share Certificate
1.10%--5 Year HSA Certificate
0.65%$1k-4 Year Share Certificate
0.65%--4 Year HSA Certificate
0.45%$1k-3 Year Share Certificate
0.45%--3 Year HSA Certificate
0.35%$1k-30 Month Share Certificate
0.35%--30 Month HSA Certificate
0.30%$1k-2 Year Share Certificate
0.30%--2 Year HSA Certificate
0.20%--18 Month HSA Certificate
0.20%$1k-18 Month Share Certificate
0.15%$1k-1 Year Share Certificate
0.15%--1 Year HSA Certificate
0.10%$1k-6 Month Share Certificate
0.10%--6 Month HSA Certificate
0.05%$1k-91 Day Share Certificate
0.05%--91 Day HSA Certificate

Union Square Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-5 Year IRA Certificate (Traditional,Roth,CESA)
0.65%$1k-4 Year IRA Certificate (Traditional,Roth,CESA)
0.45%$1k-3 Year IRA Certificate (Traditional,Roth,CESA)
0.35%$1k-30 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$1k-2 Year IRA Certificate (Traditional,Roth,CESA)
0.20%$1k-18 Month IRA Certificate (Traditional,Roth,CESA)
0.15%$1k-1 Year IRA Certificate (Traditional,Roth,CESA)
0.10%$1k-6 Month IRA Certificate (Traditional,Roth,CESA)
0.05%$1k-91 Day IRA Certificate (Traditional,Roth,CESA)
Locations


Union Square Credit Union Locations
Branch Office1401 Holliday StWichita Falls, TX 76301-7108
Branch Office427 2nd Ave Bldg 212Sheppard AFB, TX 763113040
Branch Office909 W Kramer RdBurkburnett, TX 76354-2641