Border Credit Union

Border Credit Union is headquartered in Del Rio and is the 105^th largest credit union in the state of Texas. It is also the 1,374^th largest credit union in the nation. It was established in 1986 and as of December of 2011, it had grown to 82 employees and 21,799 members. Border Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Border Credit Union Savings Account Rates

Border Credit Union Money Market Rates

Border Credit Union CD Rates

Border Credit Union IRA Rates

Data for Q4 2011

Institution Statistics BORDER NCUA # 24304 BankRate Report View Year Chartered 1986 Employees 82 Primary Regulator Assets and Liabilities Assets $106.27 million Loans $80.82 million Deposits $90.61 million Equity Capital $11.02 million Loan Loss Allowance $1.57 million Unbacked Noncurrent Loans $385,000 Historic Data - December 2010 Assets $98.35 million Equity Capital $9.38 million Loan Loss Allowance $1.38 million Unbacked Noncurrent Loans $663,000 Real Estate Owned $17,000 Profit Margin - Quarterly Net Interest Margin 6.73% Return on Assets 1.55% Return on Equity 14.91% Interest Income $6.26 million Non-Interest Income $3.28 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Border Credit Union had $385,000 in non-current loans and owned real-estate with $12.59 million in equity and loan loss allowances on hand to cover it. This gives Border Credit Union a Texas Ratio of 3.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Border Credit Union decreased significantly from 6.32% as of December 31, 2010 to 3.06% as of December 31, 2011, resulting in a positive change of 51.62%.This indicates that the balance sheet and financial strength for Border Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Border Credit Union has increased its total deposits by $5.86 million, resulting in 6.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Border Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Border Credit Union has $106.27 million in assets with $12.59 million in equity, resulting in a capitalization level of 11.85%, which is above average.

No reviews have been left for this bank yet. Be the first to review.