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Alliance Credit Union

Overview
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Alliance Credit Union is a non-federally insured state credit union based in Lubbock, Texas. It has been opened since 1940, for 80 years.

With around $252,150,000 in assets, Alliance Credit Union is considered to be a very large credit union. It has 8 branches and 6 ATM locations.

About
Address Po Box 64970
Lubbock, Texas 79464
Website http://www.alliancecutx.com
Phone (806) 798-5554
Fax (806) 798-4615
CEO Matt Grannan
President of the Board Rex Andrews
Services Offered
Map
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Score Card
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80 years
Years in business
Opened in 1940
Well Capitalized
Net worth classification
Source: NCUA
22,950 members
Membership type: State chartered natural person credit union
Above average number of members
264:1
Credit union member to staff ratio
264 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$252,148,854
Total assets
Above average
8 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.30%
Savings interest rate
Compared to 0.3% nationally
9.52%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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8 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Alliance Credit Union Branch Locations

Alliance Credit Union: Southwest Branch
6716 82nd Street
Lubbock, Texas 79424
ATM Available
Alliance Credit Union: Main Office
8401 Quaker Avenue
Lubbock, Texas 79424
ATM Available
Alliance Credit Union: Northwest Branch
1008 Frankford Avenue
Lubbock, Texas 79416
ATM Available
Alliance Credit Union: South Branch
2404 82nd Street
Lubbock, Texas 79423
ATM Available
Alliance Credit Union: Medical Branch
3802 24th Street
Lubbock, Texas 79410
ATM Available
Alliance Credit Union: Midtown Branch
6601 Indiana Avenue
Lubbock, Texas 79413
No ATM
Alliance Credit Union: Central Branch
2220 34th Street
Lubbock, Texas 79411
ATM Available
Members
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22,950 members
Membership type: State chartered natural person credit union
Above average number of members

With 22,950 members, the Alliance Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 84% of credit unions.

Fees
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$143
Average fee per member
The average fee per member at the Alliance Credit Union is $143, which is very high compared to most credit unions. This rate is higher than 95% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Alliance Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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264:1
Credit union member to staff ratio
264 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
87 staff members
FTE (full-time equivalent)
2% of employees are part-time
86 full-time, 2 part-time

Alliance Credit Union has 86 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Alliance Credit Union has around 264 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$252,148,854
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$17,365
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 87% of credit unions.

Alliance Credit Union holds a total of $184,540,000 in loans and leases, which is about $17,365 per member on average.

Savings interest rate
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0.30%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Alliance Credit Union pays 0.30%.

Loan rates
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9.52%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.04%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.77%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.40%
New car loan rate
Compared to 4.0% nationally
5.44%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.59%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally