Amplify Credit Union is headquartered in Austin and is the 25th largest credit union in the state of Texas. It is also the 355th largest credit union in the nation. It was established in 1967 and as of June of 2024, it had grown to 204 employees and 49,407 members at 5 locations. Amplify Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Amplify Credit Union offers membership to any Texas resident who joins the Texas Consumer Council, a chapter of the American Consumer Council. Immediate family members of current Amplify Credit Union members also qualify for membership.
See current membership details
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Customer Harassment
I’ve been with Amplify for many years as they have one of my vehicle loans. The reason why I gave them a 1 Star rating is they constantly call me every month since COVID-19 saying I’m late on my vehicle payment, and own them over $100.00 in late fees, lol... Ever since they gave me a two month courtesy because of Covid, then started back up and paying on-time, then since December of 2020 the phone calls saying I’m late, OMG, stop harassing me!! Like every rep that calls, I go over my automatic payments with the rep, and say I’m up to date on my payments, hello I say that every month. When are they going to STOP HARASSING ME???
I have to raise my voice to get attention at this credit union. Hopefully after today they will start getting their mail before calling their customers. It’s ridiculous they can’t get their stuff straight at this bank.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68681 |
| Year Chartered | 1967 |
| Employees | 204 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 8.81% |
| Annual Interest Income | $36.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.33B$1.47B |
| Loans | Q2 2024vs Q2 2023 | $987.5MM$1.07B |
| Deposits | Q2 2024vs Q2 2023 | $974.4MM$975.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $126.8MM$112.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $3.6MM$5.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.5MM$1.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $806K$0 |