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Overview / Commentary
205 Hance Ave
Tinton Falls, NJ 07724

United Teletech Financial Credit Union is headquartered in TINTON FALLS and is the 6th largest credit union in the state of New Jersey. It is also the 652nd largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 69 employees and 21,057 members. United Teletech Financial Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in Monmouth County, Ocean County or selected part of central Middlesex County. - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 United Teletech Financial Credit Union had $6.85 million in non-current loans and owned real-estate with $33.86 million in equity and loan loss allowances on hand to cover it. This gives United Teletech Financial Credit Union a Texas Ratio of 20.24% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for United Teletech Financial Credit Union experienced no significant changes from 17.58% as of December 31, 2012 to 20.24% as of December 31, 2013, resulting in a negative change of 15.12%. This indicates that the balance sheet and financial strength for United Teletech Financial Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, United Teletech Financial Credit Union has increased its total deposits by $1.05 million, resulting in 0.38% 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 United Teletech Financial Credit Union has shown is above average.

Capitalization

GRADE:
B+

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. United Teletech Financial Credit Union has $317.08 million in assets with $33.86 million in equity, resulting in a capitalization level of 10.68%, which is above average.

Institution Statistics

Overall
NCUA #18195
Year Chartered1967
Employees69
Primary Regulator
Assets and Liabilities
Assets$317.08 million
Loans$221.41 million
Deposits$275.04 million
Equity Capital$31.01 million
Loan Loss Allowance$2.85 million
Unbacked Noncurrent Loans$5.97 million
Real Estate Owned$880,000
Historic Data - December 2012
Assets$309.22 million
Equity Capital$31.98 million
Loan Loss Allowance$4.10 million
Unbacked Noncurrent Loans$5.97 million
Real Estate Owned$682,000
Profit Margin - Quarterly
Net Interest Margin4.06%
Return on Assets0.74%
Return on Equity7.53%
Interest Income$11.73 million
Rates

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United Teletech Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$5kU-Saver Club (Systematic Saving Account)
0.50%-$2,500Kid's Club (Money Mammals) Account
0.15%$100-IRA Share Account
0.15%$100-Roth IRA Share Account
0.15%$100-Coverdell Educational Savings Account
0.15%$100-Conduit IRA
0.10%--Holiday Saving Account
0.10%--Vacation Saving Account
0.05%$250-Business Saving Account

United Teletech Financial Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-U-Savers Money Market Account
0.20%$75k-Business Money Market Account
0.10%$1k-Estate Money Market Account

United Teletech Financial Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Business Interest Checking Account
0.10%$5k-eUreka! Checking Account
0.10%$10k-United Plus Checking Account

United Teletech Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-48-59 Month CD Special
1.15%$500-36-47 Month CD Special
1.00%$500-60 Month CD
0.75%$500-48-59 Month CD
0.65%$500-18-23 Month CD Special
0.60%$500-36-47 Month CD
0.40%$500-24-35 Month CD
0.20%$500-18-23 Month CD
0.15%$500-6-11 Month CD
0.15%$500-12-17 Month CD
0.10%$500-3-5 Month CD

United Teletech Financial Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-48-59 Month IRA Special
1.15%$500-36-47 Month IRA Special
1.00%$500-60 Month IRA
0.75%$500-48-59 Month IRA
0.65%$500-18-23 Month IRA Special
0.60%$500-36-47 Month IRA
0.40%$500-24-35 Month IRA
0.20%$500-18-23 Month IRA
0.15%$500-6-11 Month IRA
0.15%$500-12-17 Month IRA
0.10%$500-3-6 Month IRA
Locations


United Teletech Financial Credit Union Locations
Branch Office3636 State Route 33NEPTUNE, NJ 07753
Branch Office2111 State Route 35 Ste 3HOLMDEL, NJ 07733
Branch Office2201 US HIGHWAY 1 STE 119NORTH BRUNSWICK, NJ 08902
Branch Office67 US HIGHWAY 9 STE 4MORGANVILLE, NJ 07751
Branch Office205 Hance AveTINTON FALLS, NJ 07724
Branch Office200 S LAUREL AVEMIDDLETOWN, NJ 07748