![]() That same year, SharePlus opened a new division for investors: SharePlus Financial Services. The new branch offers drive up lanes with one being dedicated to commercial customers, as well as a drive up ATM, safe deposit boxes, and a night depository. In 2007, SharePlus moved the Mockingbird branch to a new, state-of-the-art facility in uptown Dallas at Maple and Oak Lawn. That summer, SharePlus opened a new branch at the PepsiCo Parkwood facility in north Plano. In January, SharePlus made the move to the new Headquarters building in Plano, Texas. In October 1993, with membership exceeding20,000 and assets of $71 million, the official name changed to SharePlus Federal Credit Union.Ģ003 brought many exciting changes for SharePlus. The 90's brought scope expansions to various PepsiCo divisions including Pepsi Cola South, PFS, KFC, Pizza Hut, Inc., Tricon (now YUM! Brands, Inc.), and Taco Bell Corp With this expansion came the need for a name with broader appeal. At this point, the Credit Union had grown to $10,500,426 in assets and had over 10,000 members. In June 1978, Frito Employees Federal Credit Union merged with Frito Midwest Credit Union. SharePlus organized in August 1958, in Dallas, Texas, under the name Frito Employees Federal Credit Union. Before becoming a mutual savings bank, SharePlus Federal served the employees and family members of Frito-Lay, Inc., YUM! Brands, Inc., A&W Restaurants, Inc., KFC Corporation, Long John Silvers, Inc., Pizza Hut, Inc., Taco Bell Corp., and various PepsiCo Divisions, as well as dozens of companies who provided credit union benefits to their employees. ![]() The higher the capitalization number the more secure a bank is considered.SharePlus Federal Bank became a mutual savings bank on October 1, 2004, after growing as a credit union for nearly 50 years. SharePlus Bank has a Capitalization of 9.33% versus the BestCashCow average of 10.23.Ĭapitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. A bank with a consistently high ROE can be considered well run.Ī bank with a consistently low ROE can be considered poorly run. Return on equity measures how efficiently a bank is making money from its capital. SharePlus Bank has a Return on Equity of 5.19% versus the BestCashCow average of 9.98%. To cover these potential losses it had $32,533,000 in equity and $1,826,000 in loans loss reserves. SharePlus Bank had $3,624,000 in non-current loans and $0 in owned real estate. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank With its tangible common equity and its loan loss reserves.Ī lower Texas ratio indicates better coverage of problem loans. The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) No depositor has ever lost deposits that have been within the FDIC insurance limits. The following ratios and data are available to help you better understand the financial condition of SharePlus Bank. Flexible credit - only pay for what you use.Prime Rate as of =6.25% (Wall Street Journal). SharePlus Bank History Financial Information ( and Older) Assets and Liabilities Cash and Balances Due Securities U.S. Shareplus federal bank plano plus#Published rates and terms based on primary homes. Uncover why Share Plus Federal Bank is the best company for you. The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, and (ii) have automatic transfers from any Bethpage personal savings or checking account for the monthly HELOC payment. No closing costs on new HELOCs up to $500,000. Hazard insurance is required on all loans secured by real property flood insurance may also be required. ![]() All offers of credit are subject to credit approval applicants may be offered credit at higher rates and other terms. Home Equity rates and terms are subject to change without notice. Customers can open an account at one of its 0 Branches. Featured - New York Home Equity Line Of Credit Rates 2022 Lender SharePlus Bank is an FDIC insured bank located in Plano and has 348617 in assets. ![]()
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