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 653rd largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 108 employees and 22,241 members. Union Square Credit Union has a A health rating.
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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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 Union Square Credit Union had $2.54 million in non-current loans and owned real-estate with $37.9 million in equity and loan loss allowances on hand to cover it. This gives Union Square Credit Union a Texas Ratio of 6.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Union Square Credit Union experienced no significant changes from 5.35% as of March 31, 2013 to 6.69% as of March 31, 2014, resulting in a negative change of 25.09%. This indicates that the balance sheet and financial strength for Union Square Credit Union has had no significant changes in recent periods.
In the past year, Union Square Credit Union has increased its total deposits by $4.18 million, resulting in 1.5% 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.
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 $326.22 million in assets with $37.9 million in equity, resulting in a capitalization level of 11.62%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$37.42 million|
|Loan Loss Allowance||$486,000|
|Unbacked Noncurrent Loans||$1.78 million|
|Real Estate Owned||$757,000|
|Historic Data - March 2013|
|Equity Capital||$36.61 million|
|Loan Loss Allowance||$734,000|
|Unbacked Noncurrent Loans||$1.78 million|
|Real Estate Owned||$81,000|
|Profit Margin - Quarterly|
|Net Interest Margin||0.98%|
|Return on Assets||-0.08%|
|Return on Equity||-0.74%|
|Interest Income||$2.38 million|
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|2.51%||-||$15k||Premier Checking - Qualifying|
|0.05%||-||-||Premier Checking - Non Qualifying|
|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|
|1.10%||$1k||-||5 Year IRA Certificate|
|0.65%||$1k||-||4 Year IRA Certificate|
|0.45%||$1k||-||3 Year IRA Certificate|
|0.35%||$1k||-||30 Month IRA Certificate|
|0.30%||$1k||-||2 Year IRA Certificate|
|0.20%||$1k||-||18 Month IRA Certificate|
|0.15%||$1k||-||1 Year IRA Certificate|
|0.10%||$1k||-||6 Month IRA Certificate|
|0.05%||$1k||-||91 Day IRA Certificate|
|Union Square Credit Union Locations|
|Branch Office||1401 Holliday St||Wichita Falls, TX 76301-7108|
|Branch Office||427 2nd Ave Bldg 212||Sheppard AFB, TX 763113040|
|Branch Office||909 W Kramer Rd||Burkburnett, TX 76354-2641|