Austin Telco Federal Credit Union


Overview / Commentary
512-302-5555
11149 Research Blvd., Suite 300
Austin, TX 78759

Austin Telco Federal Credit Union is headquartered in Austin and is the 15th largest credit union in the state of Texas. It is also the 185th largest credit union in the nation. It was established in 1941 and as of September of 2023, it had grown to 228 employees and 91,528 members at 23 locations. Austin Telco Federal Credit Union's CD rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Austin Telco Federal Credit Union is open to those who live, work, worship, volunteer, or attend school in the Texas counties of Bastrop, Burnet, Caldwell, Hays, Travis, or Williamson. Immediate family members of eligible individuals also qualify.
See current membership details

Reviews (4)

Great Experience at Austin Telco

I have only had great experiences at Austin Telco Federal Credit Union. From the day I opened my account i was treated well. They kept my money safe. They even offered me many unique investment options. I primarily used their checking account services. I went there regularly to make deposits and the occasional withdrawal. They helped me quickly and professionally. I really liked the atmosphere inside their building too. It was professional yet stylish, and also relaxing like a modern lounge almost. It was a great experience visiting there and doing business with them. I always have a great time when I go there. I plan to continue using them for a very long time. It is convenient for me as they are near my work, I really like their location as well as the services they offer, they treated me well.

Awesome Bank!

Posted by: |

With a single review and a 4-star rating, you may think that this is review is being written by someone who works there, but I assure you that I am not in any way affiliated, other than banking there.  I currently hold accounts with Bank of America, Chase, and Austin Telco, and Austin Telco rocks!

I no longer live in Texas, so banking remotely with Austin Telco is a tad difficult, especially since I can't do deposits via my cellphone etc as other banks do.  But I keep my Austin Telco account as my personal bank account because they are just awesome.  Service is great (unlike BoA), fees are reasonable (unlike Chase and BoA), and I can easily reach people by phone (unlike BoA) who are always friendly.

So why not 5 stars?  Because their technology is a bit behind compared to other banks who can do cellphone deposits, etc.  That's enough for me to fairly take away one star, but no where near enough of a reason for me to bank in my own city.  Austin Telco rocks!

Outdated And Unorganized

To start, they lost some of my loan forms which is pretty scary. They also are outdated and doing anything with them takes 4 emails 2 phone calls and sometimes a trip to their office. There are plenty other services that enable interaction with the click of a button, but Austin Telco is not one of these places for some reason. Their staff gives inconsistent information and are overall difficult to work with.

Stay Away! Grifters!

Horrible untrustworthy people and a grifter mentality, stay away! Closed my account and reported them to https://www.ncua.gov/.



Health

Health Grade Components

Overall
NCUA #4584
Year Chartered1941
Employees228
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD8.63%
Annual Interest Income$57.7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$2.43B$2.39B
LoansQ3 2023vs Q3 2022$1.71B$1.61B
DepositsQ3 2023vs Q3 2022$2.13B$2.18B
Equity CapitalQ3 2023vs Q3 2022$215.7MM$190.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.6MM$2.9MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$5.4MM$1.7MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Austin Telco Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Austin Telco Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Savings Account
0.40%--Health Savings Account
0.15%$100-Share Savings Account
0.15%$100-True Youth Savings
0.05%--Health Checking Account

Austin Telco Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%*$1m*-Money Market Account
OTHER TIERS: 0.45% $2k - $25k | 0.55% $25k - $75k | 0.60% $75k - $125k | 0.70% $125k - $500k | 1.06% $500k - $1m

Austin Telco Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1.5k-Checking Account
0.05%--Business Free Checking
0.05%$1.5k-True Youth Checking Account

Austin Telco Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.68%$225k-12 Month Super Jumbo Certificate
4.60%$25$5k12 Month True Youth Certificate
4.58%$95k$225k12 Month Jumbo Certificate
4.52%$225k-18 Month Super Jumbo Certificate
4.47%$1k$95k12 Month Certificate
4.42%$95k$225k18 Month Jumbo Certificate
4.32%$1k$95k18 Month Certificate
4.11%$225k-24 Month Super Jumbo Certificate
4.01%$95k$225k24 Month Jumbo Certificate
3.91%$1k$95k24 Month Certificate
3.91%$225k-36 Month Super Jumbo Certificate
3.85%$225k-48 Month Super Jumbo Certificate
3.80%$95k$225k36 Month Jumbo Certificate
3.75%$95k$225k48 Month Jumbo Certificate
3.75%$225k-6 Month Super Jumbo Certificate
3.75%$225k-60 Month Super Jumbo Certificate
3.70%$1k$95k36 Month Certificate
3.65%$1k$95k48 Month Certificate
3.65%$95k$225k6 Month Jumbo Certificate
3.65%$95k$225k60 Month Jumbo Certificate
3.55%$1k$95k6 Month Certificate
3.55%$1k$95k60 Month Certificate

Austin Telco Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.58%$95k$225k12 Month Jumbo IRA
4.47%$1k$95k12 Month IRA
4.01%$95k$225k24 Month Jumbo IRA
3.91%$1k$95k24 Month IRA
3.80%$95k$225k36 Month Jumbo IRA
3.75%$95k$225k48 Month Jumbo IRA
3.70%$1k$95k36 Month IRA
3.65%$1k$95k48 Month IRA
3.65%$95k$225k6 Month Jumbo IRA
3.65%$95k$225k60 Month Jumbo IRA
3.55%$1k$95k6 Month IRA
3.55%$1k$95k60 Month IRA
Locations

Availability

Austin Area

Interactive local rates map


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