LIFE Credit Union (TX)
LOCATIONS
2
View locations
HEALTH RATING
B
View health report
CURRENT TOP RATE
2.50% APY
60 Month Share Certificate
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.50% | 5-year CD | |
| 1.00% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.20% | Savings | 2.00% - Ally Bank Online Savings Account |
Overview / Commentary
LIFE Credit Union (TX) is headquartered in Denton and is the 247th largest credit union in the state of Texas. It is also the 3,190th largest credit union in the nation. It was established in 1973 and as of June of 2018, it had grown to 8 employees and 1,920 members at 2 locations. 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 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 | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.12% |
| Return on Equity - YTD | 1.33% |
| Annual Interest Income | $593.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $23.8MM$21.0MM |
| Loans | Q2 2018vs Q2 2017 | $21.5MM$18.0MM |
| Deposits | Q2 2018vs Q2 2017 | $19.0MM$18.7MM |
| Equity Capital | Q2 2018vs Q2 2017 | $2.1MM$2.2MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $92.00K$69.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $123.00K$99.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $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 |
| Branch Office | 8800 US Highway 380 Ste 200 | Crossroads, TX 76227-2515 |