LIFE Credit Union (TX)
LOCATIONS
1
View locations
HEALTH RATING
B
View health report
CURRENT TOP RATE
2.50% APY
60 Month Share Certificate
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.50% | 5-year CD | 60 Month Share Certificate 2.25% - Ally Bank High Yield 5 Year CD |
| 1.00% | 1-year CD | 12 Month Share Certificate 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.20% | Savings | Share Account |
Overview / Commentary
LIFE Credit Union (TX) is headquartered in Denton and is the 259th largest credit union in the state of Texas. It is also the 3,387th largest credit union in the nation. It was established in 1973 and as of June of 2017, it had grown to 10 employees and 1,818 members at 1 location. LIFE Credit Union (TX)'s CD rates are 11% higher than 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 Q2 2017
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 | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.47% |
| Return on Equity - YTD | -14.29% |
| Annual Interest Income | $457.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $21.0MM$14.8MM |
| Loans | Q2 2017vs Q2 2016 | $18.0MM$12.2MM |
| Deposits | Q2 2017vs Q2 2016 | $18.7MM$12.6MM |
| Equity Capital | Q2 2017vs Q2 2016 | $2.2MM$2.3MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $69.00K$68.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $99.00K$27.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
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LIFE Credit Union (TX) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $100 | - | Share Account | |
| 0.20% | $100 | - | IRA Share Account | |
| 0.20% | $100 | - | Club Account |
LIFE Credit Union (TX) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Share Draft Account |
LIFE Credit Union (TX) CD Rates
LIFE Credit Union (TX) IRA Rates
Locations
| LIFE Credit Union (TX) Locations | ||
|---|---|---|
| Branch Office | 3351 Unicorn Lake Blvd | Denton, TX 76210 |