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The People's Credit Union

Overview
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The People's Credit Union is a federal credit union based in Amarillo, Texas. It has been opened since 1953, for 67 years.

With around $182,040,000 in assets, The People's Credit Union is considered to be a large credit union. It has 5 branches and 5 ATM locations.

About
Address P.O. Box 9335
Amarillo, Texas 79105
Website http://www.tpfcu.com
Phone (806) 359-8571
Fax (806) 242-1137
CEO Arthur V. Hornell, Jr.
President of the Board Christie Brown
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
21,883 members
Membership type: Multiple common bond – primary other manufacturing
Above average number of members
342:1
Credit union member to staff ratio
342 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$182,038,358
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.71%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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5 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
The People's Credit Union Branch Locations

the People's Credit Union: Chld
423 North Main Street
Childress, Texas 79201
ATM Available
the People's Credit Union: Cnyn
120 Hunsley Road
Canyon, Texas 79015
ATM Available
the People's Credit Union: Plnt
Fm 2373 US Highway 60
Amarillo, Texas 79120
ATM Available
the People's Credit Union: Pcos
3601 SW 15th Avenue
Amarillo, Texas 79102
ATM Available
the People's Credit Union: Hill
7200 Hillside Road
Amarillo, Texas 79109
ATM Available
Members
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21,883 members
Membership type: Multiple common bond – primary other manufacturing
Above average number of members

With 21,883 members, the The People's Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 83% of credit unions.

Fees
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$82
Average fee per member
The average fee per member at the The People's Credit Union is $82, which is high compared to most credit unions. This rate is higher than 75% 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 The People's Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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342:1
Credit union member to staff ratio
342 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
64 staff members
FTE (full-time equivalent)
14% of employees are part-time
59 full-time, 10 part-time

The People's Credit Union has 59 full-time staff members and 10 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 86% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. The People's Credit Union has around 342 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$182,038,358
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.
8.3%
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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$5,709
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 87% of credit unions.

The People's Credit Union holds a total of $109,010,000 in loans and leases, which is about $5,709 per member on average.

Savings interest rate
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0.25%
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. The People's Credit Union pays 0.25%.

Loan rates
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9.71%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
14.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.00%
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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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.02%
Other real estate loan rates
Compared to 0.9% nationally
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