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Anderson County Credit Union

Overview
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Anderson County Credit Union is a federal credit union based in Palestine, Texas. It has been opened since 1954, for 66 years.

With around $17,300,000 in assets, Anderson County Credit Union is considered to be a medium size credit union.

About
Address P.O. Box 222
Palestine, Texas 75802
Phone (903) 729-6788
Fax (903) 723-5728
CEO Jessica L. Wilhite
President of the Board James Bachman
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
1,871 members
Membership type: Community credit union
Below average number of members
267:1
Credit union member to staff ratio
267 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$17,296,340
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Anderson County Credit Union Branch Locations

Anderson County Federal Credit Union
2307 W. Oak Street
Palestine, Texas 75801
No ATM
Members
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1,871 members
Membership type: Community credit union
Below average number of members

With 1,871 members, the Anderson County Credit Union is considered to be a small credit union. It is smaller than 67% of credit unions.

Fees
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$35
Average fee per member
The average fee per member at the Anderson County Credit Union is $35, which is low compared to most credit unions. This rate is lower than 61% of all credit unions.
Fees are lower 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 Anderson County Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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267:1
Credit union member to staff ratio
267 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
7 staff members
FTE (full-time equivalent)
0% of employees are part-time
7 full-time, 0 part-time

Anderson County Credit Union has 7 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Anderson County Credit Union has around 267 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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$17,296,340
Total assets
Below 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.
17.2%
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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$4,352
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 92% of credit unions.

Anderson County Credit Union holds a total of $2,850,000 in loans and leases, which is about $4,352 per member on average.

Savings interest rate
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0.20%
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. Anderson County Credit Union pays 0.20%.

Loan rates
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15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
10.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.90%
New car loan rate
Compared to 4.0% nationally
9.90%
Used car loan rate
Compared to 5.2% nationally
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