LIFE Credit Union (TX)


Overview / Commentary
940-565-5423
3351 Unicorn Lake Blvd
Denton, TX 76210

LIFE Credit Union (TX) is headquartered in Denton and is the 255th largest credit union in the state of Texas. It is also the 3,284th largest credit union in the nation. It was established in 1973 and as of June of 2019, it had grown to 6 employees and 1,967 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.
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Health
Additional 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 Chartered1973
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD11.23%
Annual Interest Income$620.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$21.3MM$23.8MM
LoansQ2 2019vs Q2 2018$18.5MM$21.5MM
DepositsQ2 2019vs Q2 2018$19.5MM$19.0MM
Equity CapitalQ2 2019vs Q2 2018$1.8MM$2.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$179.00K$92.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$82.00K$123.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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LIFE Credit Union (TX) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$20k-Money Market

LIFE Credit Union (TX) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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 Office3351 Unicorn Lake BlvdDenton, TX 76210
Branch Office8800 US Highway 380 Ste 200Crossroads, TX 76227-2515

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