TEACHERS

110 S MAIN ST
South Bend, IN 46601

Phone: 1-574-232-8012

Notable Rates APY Vs.Others
Savings 0.15% 2.25% →
1-Year CD 0.79% 2.25% →
2-Year CD 1.26% 2.50% →
5-Year CD 1.84% 2.80% →
30-Year Mortgage 4.03% 3.31% →
15-Year Mortgage 3.62% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Teachers is an NCUA insured institution located in South Bend, IN. It was founded in 1931 and has approximately $3283.48 millions in assets.

Who can join?

There are four basic ways to become eligible for TCU membership.

Live or work in one of the Counties served
Are a relative of a TCU member
Are an employee of a TCU Member Company
Are affiliated with a Partnering School District in TCU's membership

If you live or work in Adams County, Allen County, Bartholomew County, Blackford County, Boone County, Brown County, Center Township - Marion County, Clay County, Clinton County, Decatur County, Dekalb County, Delaware County, Elkhart County, Fountain County, Franklin Township - Marion County, Fulton County, Grant County, Hamilton County, Hancock County, Hendricks County, Henry County, Howard County, Huntington County, Jackson County, Jennings County, Johnson County, Kosciusko County, LaPorte County, Lawrence County, Lawrence Township - Marion County, Madison County, Marshall County - Indiana, Monroe County, Montgomery County, Morgan County, Noble County, Owen County, Perry Township - Marion County, Pike Township - Marion County, Porter County, Putnam County, Rush County, Shelby County, St. Joseph County, Starke County, Tippecanoe County, Tipton County, Vigo County, Wabash County, Warren Township - Marion County, Washington Township - Marion County, Wayne Township - Marion County, Wells County, White County, Whitley County, you are eligible to join.

NCUA Insured Yes
Charter Number # # 60060
Date Established 1931
Assets $3,283.48 million
Loans $2,654.91 million
Deposits $2,898.54 million
Capital $296.77 million
 

Field of Membership Restrictions

Membership in Teachers Credit Union is open to anyone who lives or works in Indiana or in Berrian or Cass counties in Michigan. (Membership requirements are listed in the online application).

Deposit Rates - December 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $1 $24,999 Learn MoreShow Less
Money Market
0.72% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.84% $1,000 - Learn MoreShow Less
Special: 21 Mo FIRA
2.23% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.57% $1,000 - Learn MoreShow Less
12 Mo CD
0.79% $1,000 - Learn MoreShow Less
Special: 15 Mo CD
1.94% $500 - Learn MoreShow Less
18 Mo CD
1.19% $1,000 - Learn MoreShow Less
24 Mo CD
1.26% $1,000 - Learn MoreShow Less
36 Mo CD
1.44% $1,000 - Learn MoreShow Less
60 Mo CD
1.84% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $49,999 Learn MoreShow Less

Loan Rates - December 15, 2019

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 5.25% 5.25% $752.08
4 Year 5.25% 5.25% $578.57
5 Year 5.25% 5.25% $474.65
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.



Branches

Below are Teachers 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:
Fairfield,Connecticut


Teachers Locations


Financial Details

Teachers Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Teachers. 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
Teachers U.S. Average
1.76% 5.86

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 June 30, 2019, Teachers had $4,217,046 in non-current loans and $1,367,177 in owned assets. To cover these potential losses it had $296,774,151 in net worth and $19,679,902 in loans loss reserves. That gives it a Texas Ratio of 1.76%.

Net Worth
Teachers U.S. Average
9.03% 13.65%

Teachers FCU has a net worth of 9.03% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Teachers

Branches and Savings

What is Teachers?

A federal credit union, registered with the NCUA under certificate #60060.
Learn more about credit unions here.

Is Teachers FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Teachers?

Please see Field of Membership information above for information on who is eligible to join.

What are Teachers's share account and share certificate rates?

Teachers's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Teachers?

Teachers has total capital of $296.77 million. Full information on Teachers's financial position is located above.

Who owns Teachers?

Credit Unions are owned by their members.

Where are Teachers branches located?

See branch locations nearby.

Are Teachers ATMs Open 24/7?

Do Teachers ATMs accept cash deposits?

Can Teachers customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Teachers have a mobile app?

Does Teachers have mobile deposit?

Does Teachers have quick pay?

How can Teachers transfer money to other banks or credit unions?

Does Teachers report to credit bureaus?

Does Teachers use Chexsystems?

Does Teachers use Equifax?

What is Teachers's toll free phone number?

What is Teachers's ACH Routing Number?

What is Teachers's SWIFT code?

Where can I find Teachers's wire transfer form?

What is the Teachers address for deposits?

What Products Does Teachers Offer

Does Teachers offer mortgages?

Compare mortgage rates here.

Does Teachers offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Teachers offer auto and RV loans?

Compare auto loan rates here.

Does Teachers offer student loans or personal loans?

Compare personal loan rates here.

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