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 245th largest credit union in the state of Texas. It is also the 3,160th largest credit union in the nation. It was established in 1973 and as of December of 2020, it had grown to 6 employees and 2,057 members at 2 locations. LIFE Credit Union (TX) has a C 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

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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 - YTD0.17%
Return on Equity - YTD2.43%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$26.3MM$22.0MM
LoansQ4 2020vs Q4 2019$23.1MM$16.7MM
DepositsQ4 2020vs Q4 2019$24.2MM$19.9MM
Equity CapitalQ4 2020vs Q4 2019$1.8MM$1.8MM
Secondary CapitalQ4 2020vs Q4 2019$200.00K
Loan Loss AllowanceQ4 2020vs Q4 2019$137.00K$115.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$700.00K$300.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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LIFE Credit Union (TX) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%--60 Month CD Special
0.50%--24 Month CD Special
0.40%--12 Month CD Special
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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