LIFE Credit Union (TX)
LOCATIONS
2
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HEALTH RATING
B
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CURRENT TOP RATE
1.30% APY
Money Market
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 0.20% | Savings | 0.27% - National Average |
| 1.30% | Money Market | |
| 0.15% | Checking | 1.01% - nbkc bank Personal Account |
Overview / Commentary
LIFE Credit Union (TX) is headquartered in Denton and is the 249th largest credit union in the state of Texas. It is also the 3,250th largest credit union in the nation. It was established in 1973 and as of December of 2018, it had grown to 6 employees and 1,958 members at 2 locations. LIFE Credit Union (TX)'s money market rates are 3X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in LIFE Credit Union is open to those who live, work, attend school or worship in Denton or Argyle, Texas.
See current membership details
Health
B
Data as of Q4 2018
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. LIFE Credit Union (TX) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 21279 |
| Year Chartered | 1973 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.91% |
| Return on Equity - YTD | -25.44% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $21.9MM$22.8MM |
| Loans | Q4 2018vs Q4 2017 | $20.1MM$20.5MM |
| Deposits | Q4 2018vs Q4 2017 | $18.4MM$19.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $1.7MM$2.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $192.00K$92.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $76.00K$88.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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LIFE Credit Union (TX) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $100 | - | IRA Share Account | |
| 0.20% | $100 | - | Vacation Club | |
| 0.20% | $100 | - | Membership/ LiFE Savings | |
| 0.20% | $10k | - | Business Savings | |
| 0.20% | $100 | - | Little life savings | |
| 0.20% | $100 | - | Christmas Club |
LIFE Credit Union (TX) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.30% | $20k | - | Money Market |
LIFE Credit Union (TX) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $10k | - | High Yield Checking | |
| 0.20% | $100 | - | Legacy Checking | |
| 0.15% | $5k | - | Life Checking | |
| 0.15% | $5k | - | Pivotal Checking | |
| 0.15% | $5k | - | Business Checking |
Locations
| LIFE Credit Union (TX) Locations | ||
|---|---|---|
| Branch Office | 3351 Unicorn Lake Blvd | Denton, TX 76210 |
| Branch Office | 8800 US Highway 380 Ste 200 | Crossroads, TX 76227-2515 |