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Cooperative Teachers Credit Union


Overview / Commentary
www.coopteachers.com
903-561-2603
1424 W Southwest Loop 323
Tyler, TX 75701

Cooperative Teachers Credit Union is headquartered in Tyler and is the 123rd largest credit union in the state of Texas. It is also the 1,545th largest credit union in the nation. It was established in 1953 and as of September of 2021, it had grown to 28 employees and 6,884 members at 2 locations. Cooperative Teachers Credit Union's savings rates are 54% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Cooperative Teachers Credit Union is open to anyone who lives, works, worships, or goes to school in Smith County. School employees in Hopkins, Kaufman, Rains, Smith, Wood, or Van Zandt counties and employee groups located within 10 miles of the credit union also qualify for membership. Individuals who receive Teachers Retirement from working in a service area, retired teachers/certified school personnel living in the service area, or employees and members of any business or organization within the credit union's field of membership can also join.
See current membership details

Related Posts

Opened Account Online 10-04-21 - 10/5/2021

10-5-21 Had a long conversation with a manager. They're not accepting new foundation members, so if you don't qualify otherwise you probably won't get an account number right now. Was told they are trying to figure out a way to take care of the people that have already applied. What that will be they are not sure and maybe they'll have an answer by next Tuesday. Guess their board will decide if they want to expand their membership or not. I'll keep you updated. The good news is, the 3 month special @1.55% has been at that rate since March 2020 and is still available to members.

Cooperative Teachers Credit Union (TX) Has Competitive 3-Month CD Special - 10/1/2021

Cooperative Teachers Credit Union (possible easy membership) is currently offering a very competitive rate on its 3-month CD Special. $1k min opening deposit.

Reviews (2)

Move On To The Next CU

Posted by: |

They aren't going to accept any new CTCU foundation members for the foreseeable future. So only people that qualify by living near the CU or related to a member may join. : (

2

Waste Of Time

Posted by: |

Called CS, stated I was not a resident of TX, and got advice from CSR on how to fill out online application (it doesn't have option to donate to CTCU foundation for membership). Called CS 15 minutes later for advice on how to complete application (no 3 month CD option appears) and was told by CSR that CTCU is not offering membership/accounts to out of state people.

5


Health
A+

Data as of Q3 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #67576
Year Chartered1953
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.66%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$137.0MM$124.1MM
LoansQ3 2021vs Q3 2020$80.2MM$87.7MM
DepositsQ3 2021vs Q3 2020$105.9MM$84.4MM
Equity CapitalQ3 2021vs Q3 2020$14.7MM$14.9MM
Loan Loss AllowanceQ3 2021vs Q3 2020$480.00K$750.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$246.00K$48.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cooperative Teachers 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.

Cooperative Teachers Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-IRA Account
1.00%$1k-Roth IRA Account
0.80%*$100k*-Investors Club
OTHER TIERS: 0.20% → $1k - $50k | 0.40% → $50k - $100k
0.80%$20-Super Saver Kids Club
0.05%$100-Share Savings
0.05%$20-Christmas Club

Cooperative Teachers Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Premium Checking

Cooperative Teachers Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$20$10k12 Month Youth CD Special
1.55%$1k-3 Month CD Special
1.05%$1k-60 Month CD
0.95%$1k-36 Month CD
0.95%$1k-48 Month CD
0.60%$1k-24 Month CD
0.50%$1k-18 Month CD
0.45%$1k-12 Month CD
0.25%$1k-6 Month CD

Cooperative Teachers Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%$1k-3 Month IRA Special
1.05%$1k-60 Month IRA
0.95%$1k-36 Month IRA
0.95%$1k-48 Month IRA
0.60%$1k-24 Month IRA
0.50%$1k-18 Month IRA
0.45%$1k-12 Month IRA
0.25%$1k-6 Month IRA
Locations


Cooperative Teachers Credit Union Locations
Branch Office1424 W Southwest Loop 323Tyler, TX 75701-9347
Branch Office75 Miranda Lambert Way Ste 10Lindale, TX 75771-3109

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