2024 Overview
General Credit Union Information
Trax is an NCUA insured institution located in Tampa, FL. It was founded in 1935 and has approximately $474.2 millions in assets.
Who can join?
Membership in Railroad & Industrial Federal Credit Union is open to the following individuals:
Employees or retirees of CSX Railroad
Employees or members of Railroad & Industrial Company Groups
Family members of current member-owners in good standing
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24703 |
| Date Established | 1935 |
| Assets | $474.20 million |
| Loans | $241.92 million |
| Deposits | $410.08 million |
| Capital | $59.72 million |
Field of Membership Restrictions
Must be an employee or retiree of CSX Railroad or be an employee or member of one of the several Railroad & Industrial Company Groups. Family members of current member-owners in good standing
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $5 | - |
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|
|
Money Market
|
1.45% | $2,000 | $9,999 |
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|
|
Money Market
|
1.35% | $10,000 | $24,999 |
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|
|
Money Market
|
1.15% | $25,000 | $49,999 |
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|
|
Money Market
|
1.00% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.00% | $500 | $99,999 |
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|
| 6 Mo CD
|
4.20% | $100,000 | - |
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|
| 12 Mo CD
|
5.00% | $500 | $99,999 |
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|
| 12 Mo CD
|
5.20% | $100,000 | - |
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|
| 18 Mo CD
|
4.35% | $500 | $99,999 |
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|
| 18 Mo CD
|
4.55% | $100,000 | - |
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|
| 24 Mo CD
|
4.50% | $500 | $99,999 |
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|
| 24 Mo CD
|
4.70% | $100,000 | - |
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|
| 36 Mo CD
|
3.65% | $500 | $99,999 |
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|
| 36 Mo CD
|
3.85% | $100,000 | - |
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|
| 48 Mo CD
|
3.75% | $500 | $99,999 |
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|
| 48 Mo CD
|
3.95% | $100,000 | - |
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|
| 60 Mo CD
|
3.80% | $500 | $99,999 |
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|
| 60 Mo CD
|
4.00% | $100,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| IRA Share
|
0.25% | $5 | - | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Trax
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 |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
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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 Trax
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Branches
Below are Trax 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
TRAX 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
Trax Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Trax. 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
| Trax | U.S. Average |
|---|---|
| 8.31% | 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, Trax had $4,637,442 in non-current loans and $424,654 in owned assets. To cover these potential losses it had $59,724,909 in net worth and $1,180,594 in loans loss reserves. That gives it a Texas Ratio of 8.31%.
Net Worth
| Trax | U.S. Average |
|---|---|
| 12.56% | 13.62% |
Trax FCU has a net worth of 12.56% 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 Trax
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