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 259th largest credit union in the state of Texas. It is also the 3,247th largest credit union in the nation. It was established in 1973 and as of December of 2023, it had grown to 6 employees and 2,024 members at 2 locations. LIFE Credit Union (TX) has a D 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, and a negative return on assets.

Health Grade Components

Overall
NCUA #21279
Year Chartered1973
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD-2.41%
Return on Equity - YTD-42.49%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$21.3MM$27.8MM
LoansQ4 2023vs Q4 2022$18.6MM$25.6MM
DepositsQ4 2023vs Q4 2022$17.2MM$21.7MM
Equity CapitalQ4 2023vs Q4 2022$1.2MM$2.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$288K$91K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$420K$467K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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LIFE Credit Union (TX) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--IRA Share Account
0.10%--Savings Account

LIFE Credit Union (TX) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Checking Account

LIFE Credit Union (TX) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--60 Month CD Special
0.25%--24 Month CD Special
0.15%--12 Month CD Special
0.10%$26-6 Month Share Certificate
0.10%$26-12 Month Share Certificate
0.10%$26-18 Month Share Certificate
0.10%$26-2 Year Share Certificate
0.10%--3 Year Share Certificate
0.10%$26-5 Year Share Certificate
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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