2024 Overview
General Credit Union Information
Texas Tech is an NCUA insured institution located in Lubbock, TX. It was founded in 1959 and has approximately $385.3 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 12858 |
| Date Established | 1959 |
| Assets | $385.30 million |
| Loans | $314.78 million |
| Deposits | $336.14 million |
| Capital | $41.17 million |
Field of Membership Restrictions
Membership is open to faculty, students and employees of Texas Tech University, the Texas Tech Health Sciences Center, Lubbock Christian University, employees of the University Medical Center, faculty and employees of select area school districts, and employees of South Plains Electric Co-op.
Deposit Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.60% | $2,500 | $2,999 |
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|
|
Money Market
|
0.60% | $10,000 | $14,999 |
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|
|
Money Market
|
0.60% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
1.11% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.21% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.21% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.30% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.35% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.35% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.50% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.50% | $100,000 | $199,999 |
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|
Loan Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Texas Tech
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Texas Tech
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Branches
Below are Texas Tech branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
TEXAS TECH is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Texas Tech Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Texas Tech. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Texas Tech | U.S. Average |
|---|---|
| 7.07% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Texas Tech had $2,847,598 in non-current loans and $153,446 in owned assets. To cover these potential losses it had $41,171,928 in net worth and $1,274,933 in loans loss reserves. That gives it a Texas Ratio of 7.07%.
Net Worth
| Texas Tech | U.S. Average |
|---|---|
| 10.68% | 13.62% |
Texas Tech FCU has a net worth of 10.68% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Texas Tech
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