Tower Federal Credit Union

Headquarters

610 N 2nd Avenue
Wausau, WI 54401
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Tower is an NCUA insured institution located in Wausau, WI. It was founded in 1932 and has approximately $44.61 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 66508
Date Established 1932
Assets $44.61 million
Loans $33.99 million
Deposits $40.41 million
Capital $3.88 million
 

Deposit Rates - November 13, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Tower

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Loan Rates - November 13, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Tower

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
Midwest Mortgage Lending
NMLS ID: 2262032
License#: RM.804810.000
6.380% 6.250% 0.88 $4,400 $1,971 Learn More
District Lending
NMLS ID: 1835285
6.391% 6.250% 1.00 $4,800 $1,971 Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375% 0.88 $4,010 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.865% 6.750% 1.00 $3,775 $2,076 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Tower
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Branches

Below are Tower 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


Tower Locations around zip code 43085


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Climate Policy and Initiatives

TOWER 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

Tower Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Tower. 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
Tower U.S. Average
6.33% 5.83

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 June 30, 2024, Tower had $286,506 in non-current loans and $38,000 in owned assets. To cover these potential losses it had $3,875,237 in net worth and $1,248,661 in loans loss reserves. That gives it a Texas Ratio of 6.33%.

Net Worth
Tower U.S. Average
8.68% 13.93%

Tower FCU has a net worth of 8.68% versus the BestCashCow average of 13.93. 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 Tower

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