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Teachers Credit Union

Overview
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Teachers Credit Union is a federally insured state credit union based in South Bend, Indiana. It has been opened since 1931, for 89 years.

With around $3,171,990,000 in assets, Teachers Credit Union is considered to be a very large credit union. It has 54 branches and 45 ATM locations.

About
Address 110 S. Main Street
South Bend, Indiana 46601
Website http://WWW.TCUNET.com
Phone (574) 232-8012
Fax (574) 284-6287
CEO Paul Marsh
President of the Board David Sage
Services Offered
Map
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Score Card
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89 years
Years in business
Opened in 1931
Well Capitalized
Net worth classification
Source: NCUA
300,996 members
Membership type: State chartered natural person credit union
Above average number of members
439:1
Credit union member to staff ratio
439 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$3,171,994,317
Total assets
Above average
54 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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54 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
Teachers Credit Union Branch Locations

Teachers Credit Union: Meridian
2331 North Meridian Street
Indianapolis, Indiana 46208
ATM Available
Teachers Credit Union: Westfield
144 W. Main Street
Westfield, Indiana 46074
ATM Available
Teachers Credit Union: Lincolnway West
735 Lincoln Way W.
South Bend, Indiana 46616
ATM Available
Teachers Credit Union: Street John
8615 Wicker Avenue
Saint John, Indiana 46373
ATM Available
Teachers Credit Union: Hammond
1918 165th Street
Hammond, Indiana 46320
No ATM
Teachers Credit Union: Martins Cobblestone
3900 E. Bristol Street Suite A.
Elkhart, Indiana 46514
ATM Available
Teachers Credit Union: Meijer 331
3610 Bremen Highway
Mishawaka, Indiana 46544
ATM Available
Teachers Credit Union: Meijer Carmel
1424 W. Carmel Drive
Carmel, Indiana 46032
No ATM
Teachers Credit Union: Meijer Fisher
8375 E. 96th Street
Indianapolis, Indiana 46256
ATM Available
Teachers Credit Union: Meijer Greenwood
150 Marlin Drive
Greenwood, Indiana 46142
No ATM
Teachers Credit Union: Niles
1500 S. 11th Street
Niles, Michigan 49120
ATM Available
Teachers Credit Union: Meijer Pike Plaza
5349 W. Pike Plaza Road
Indianapolis, Indiana 46254
ATM Available
Teachers Credit Union: Nucor
4537 S. Nucor Road
Crawfordsville, Indiana 47933
No ATM
Teachers Credit Union: Shadeland
6710 North Shadeland Avenue
Indianapolis, Indiana 46220
ATM Available
Teachers Credit Union: Mishawaka
133 E. Mckinley Avenue
Mishawaka, Indiana 46545
ATM Available
Teachers Credit Union: Jefferson
823 E. Jefferson Boulevard
South Bend, Indiana 46617
ATM Available
Teachers Credit Union: Rochester
1707 E. State Road 14
Rochester, Indiana 46975
ATM Available
Teachers Credit Union: Sr19
2930 S. Nappanee Street
Elkhart, Indiana 46517
ATM Available
Teachers Credit Union: Portage
3915 Portage Avenue
South Bend, Indiana 46628
ATM Available
Teachers Credit Union: Plymouth West
1501 North Oak Drive
Plymouth, Indiana 46563
ATM Available
Teachers Credit Union: Plymouth East
201 Plymouth Goshen Trl
Plymouth, Indiana 46563
ATM Available
Teachers Credit Union: Park 100
5130 W. 71st Street
Indianapolis, Indiana 46268
ATM Available
Teachers Credit Union: One North Capitol
1 North Capitol Avenue Suite 101
Indianapolis, Indiana 46204
ATM Available
Teachers Credit Union: Meijer Noblesville
17000 Mercantile Boulevard
Noblesville, Indiana 46060
ATM Available
Teachers Credit Union: Meijer Southport
5325 E. Southport Road
Indianapolis, Indiana 46237
No ATM
Teachers Credit Union: Warsaw South
108 E. Winona Avenue
Warsaw, Indiana 46580
ATM Available
Teachers Credit Union: Warsaw North
2890 Frontier Drive
Warsaw, Indiana 46582
ATM Available
Teachers Credit Union: Walkerton
449 Liberty Street
Walkerton, Indiana 46574
ATM Available
Teachers Credit Union: Valparaiso
2600 Roosevelt Road Suite 1001
Valparaiso, Indiana 46383
ATM Available
Teachers Credit Union: Valparaiso South
302 Silhavy Road
Valparaiso, Indiana 46383
ATM Available
Teachers Credit Union: Martins Warsaw
1150 Husky Trl
Warsaw, Indiana 46582
ATM Available
Teachers Credit Union: Chesterton
104 E. 1100 North
Chesterton, Indiana 46304
ATM Available
Teachers Credit Union: Granger Service Center
13050 State Road 23
Granger, Indiana 46530
ATM Available
Teachers Credit Union: Allisonville 47
10998 Allisonville Road
Fishers, Indiana 46038
ATM Available
Teachers Credit Union: Great Dane Brazil
2664 E. US Highway 40
Brazil, Indiana 47834
ATM Available
Teachers Credit Union: University Park
346 W. Cleveland Road
Granger, Indiana 46530
ATM Available
Teachers Credit Union: Ireland Road
1930 E. Ireland Road
South Bend, Indiana 46614
ATM Available
Teachers Credit Union: Post Road
445 S. Post Road
Indianapolis, Indiana 46219
No ATM
Teachers Credit Union: New Albany
3308 Grant Line Road
New Albany, Indiana 47150
No ATM
Teachers Credit Union: Gary
3730 Grant Street
Gary, Indiana 46408
ATM Available
Teachers Credit Union: Meijer Plainfield
400 North Dan Jones Road
Plainfield, Indiana 46168
ATM Available
Teachers Credit Union: Crawfordsville
1570 S. US Highway 231
Crawfordsville, Indiana 47933
ATM Available
Teachers Credit Union: Emerson
4705 S. Emerson Avenue
Indianapolis, Indiana 46203
ATM Available
Teachers Credit Union: Whiting
1703 Calumet Avenue
Whiting, Indiana 46394
No ATM
Teachers Credit Union: Whiteland 62
18 Providence Drive
Greenwood, Indiana 46143
ATM Available
Teachers Credit Union: Greencastle
57 Putnam Plz
Greencastle, Indiana 46135
ATM Available
Teachers Credit Union: Huntington
313 Northpoint Avenue
Huntington, Indiana 46750
ATM Available
Teachers Credit Union: Martins Goshen
1527 Bashor Road
Goshen, Indiana 46528
ATM Available
Teachers Credit Union: Avon 26
7607 E. US Highway 36
Avon, Indiana 46123
ATM Available
Teachers Credit Union: Bittersweet
345 North Bittersweet Road
Mishawaka, Indiana 46544
ATM Available
Teachers Credit Union: County Road 6
201 County Road 6 W.
Elkhart, Indiana 46514
ATM Available
Teachers Credit Union: Concord 24
4574 Elkhart Road
Elkhart, Indiana 46517
ATM Available
Teachers Credit Union: Corporate
110 S. Main Street
South Bend, Indiana 46601
ATM Available
Members
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300,996 members
Membership type: State chartered natural person credit union
Above average number of members

With 300,996 members, the Teachers Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 99% of credit unions.

Fees
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$63
Average fee per member
The average fee per member at the Teachers Credit Union is $63, which is high compared to most credit unions. This rate is higher than 61% 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 Teachers Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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439:1
Credit union member to staff ratio
439 per each FTE employee
Compared to 411:1 nationally
Fewer staff
686 staff members
FTE (full-time equivalent)
6% of employees are part-time
663 full-time, 45 part-time

Teachers Credit Union has 663 full-time staff members and 45 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 94% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Teachers Credit Union has around 439 members per staff, a higher ratio compared to other credit unions.

Assets
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$3,171,994,317
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.
9.0%
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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$18,128
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 88% of credit unions.

Teachers Credit Union holds a total of $2,664,500,000 in loans and leases, which is about $18,128 per member on average.

Savings interest rate
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0.10%
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. Teachers Credit Union pays 0.10%.

Loan rates
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9.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.75%
New car loan rate
Compared to 4.0% nationally
5.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.74%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally