Overview / Commentary
A+ Federal Credit Union is headquartered in Austin and is the 13th largest credit union in the state of Texas. It is also the 181st largest credit union in the nation. It was established in 1949 and as of June of 2024, it had grown to 508 employees and 189,306 members at 22 locations. A+ Federal Credit Union has a B health rating.
Field of Membership Restrictions
A+ Federal Credit Union is open to any Texas resident by joining the A+ Education Foundation ($10 one-time membership dues). Membership is also open to employees or members of Texas State Teachers Association, any Austin ISD Elementary, Middle or High School, and many other Select Employer Groups.
See current membership details
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Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6178 |
| Year Chartered | 1949 |
| Employees | 508 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 5.42% |
| Annual Interest Income | $63.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $2.55B$2.72B |
| Loans | Q2 2024vs Q2 2023 | $2.15B$2.36B |
| Deposits | Q2 2024vs Q2 2023 | $2B$2.14B |
| Equity Capital | Q2 2024vs Q2 2023 | $301.6MM$296MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $33.5MM$12.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $40.1MM$36.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $261K$0 |
