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Overview / Commentary
361-584-6246
5740 County Road 4
Bishop, TX 78343

Chemcel Federal Credit Union is headquartered in BISHOP and is the 119st largest credit union in the state of Texas. It is also the 1,536th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 24 employees and 8,352 members. Chemcel Federal Credit Union's savings rates are 92% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships or attends school in Kleberg County and Nueces County. Membership base primarily consists of eligible employees and contractors who regularly work in or are supervised from Bishop plant, Clearlake plant, Bay City plant, Dallas office, or at the Celanese sites of select employee groups. Also eligible to join are businesses and other groups in the aforementioned locations as well as family members of Chemcel members. With a $5.00 deposit into a regular Savings Account, you become a member. - See Details

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Chemcel Federal Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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, 2013 Chemcel Federal Credit Union had $303,000 in non-current loans and owned real-estate with $10.22 million in equity and loan loss allowances on hand to cover it. This gives Chemcel Federal Credit Union a Texas Ratio of 2.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Chemcel Federal Credit Union decreased slightly from 3.30% as of December 31, 2012 to 2.96% as of December 31, 2013, resulting in a positive change of 10.11%.This indicates that the balance sheet and financial strength for Chemcel Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Chemcel Federal Credit Union has increased its total deposits by $3.9 million, resulting in 4.8% 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 Chemcel Federal Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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. Chemcel Federal Credit Union has $95.72 million in assets with $10.22 million in equity, resulting in a capitalization level of 10.68%, which is above average.

Institution Statistics

Overall
NCUA #7129
Year Chartered1951
Employees24
Primary Regulator
Assets and Liabilities
Assets$95.73 million
Loans$48.35 million
Deposits$85.24 million
Equity Capital$9.95 million
Loan Loss Allowance$276,000
Unbacked Noncurrent Loans$303,000
Real Estate Owned$0
Historic Data - December 2012
Assets$91.74 million
Equity Capital$9.31 million
Loan Loss Allowance$363,000
Unbacked Noncurrent Loans$303,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.89%
Return on Assets0.66%
Return on Equity6.38%
Interest Income$3.17 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Chemcel Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Chemcel Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IRA Shares
1.00%--Roth IRA Shares
0.45%$75k-Shares
0.45%--Christmas Club

Chemcel Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$75k-Money Market

Chemcel Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$20kRewards Checking
0.40%$75k-Prime Checking
0.10%--Rewards Checking

Chemcel Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$75k-5 Year Jumbo Share Certificate
1.70%$25k$75k5 Year Mini-Jumbo Share Certificate
1.65%$1k$25k5 Year Share Certificate
1.40%$75k-4 Year Jumbo Share Certificate
1.35%$25k$75k4 Year Mini-Jumbo Share Certificate
1.30%$1k$25k4 Year Share Certificate
1.20%$75k-3 Year Jumbo Share Certificate
1.15%$25k$75k3 Year Mini-Jumbo Share Certificate
1.10%$1k$25k3 Year Share Certificate
0.95%$75k-2 Year Jumbo Share Certificate
0.90%$25k$75k2 Year Mini-Jumbo Share Certificate
0.85%$1k$25k2 Year Share Certificate
0.70%$75k-1 Year Jumbo Share Certificate
0.65%$25k$75k1 Year Mini-Jumbo Share Certificate
0.60%$1k$25k1 Year Share Certificate
0.55%$75k-6 Month Jumbo Share Certificate
0.50%$25k$75k6 Month Mini-Jumbo Share Certificate
0.45%$1k$25k6 Month Share Certificate

Chemcel Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$75k-5 Year Jumbo IRA (Traditional,Roth)
1.70%$25k$75k5 Year Mini-Jumbo IRA
1.70%$25k$75k5 Year Mini-Jumbo IRA
1.65%$1k$25k5 Year IRA (Traditional,Roth)
1.40%$75k-4 Year Jumbo IRA (Traditional,Roth)
1.35%$25k$75k4 Year Mini-Jumbo IRA (Traditional,Roth)
1.30%$1k$25k4 Year IRA (Traditional,Roth)
1.20%$75k-3 Year Jumbo IRA (Traditional,Roth)
1.15%$25k$75k3 Year Mini-Jumbo IRA (Traditional,Roth)
1.10%$1k$25k3 Year IRA (Traditional,Roth)
0.95%$75k-2 Year Jumbo IRA (Traditional,Roth)
0.90%$25k$75k2 Year Mini-Jumbo IRA (Traditional,Roth)
0.85%$1k$25k2 Year IRA (Traditional,Roth)
0.70%$75k-1 Year Jumbo IRA (Traditional,Roth)
0.65%$25k$75k1 Year Mini-Jumbo IRA (Traditional,Roth)
0.60%$1k$25k1 Year IRA (Traditional,Roth)
0.55%$75k-6 Month Jumbo IRA (Traditional,Roth)
0.50%$25k$75k6 Month Mini-Jumbo IRA (Traditional,Roth)
0.45%$1k$25k6 Month IRA (Traditional,Roth)
Locations


Chemcel Federal Credit Union Locations
Main Office5740 County Road 4Bishop, TX 78343
Branch Office1901 S US Highway 77 BypKingsville, TX 78363-6894
Branch Office1601 Lyndon B Johnson FwyDallas, TX 75234-6034
Branch Office7001 Saratoga BlvdCorpus Christi, TX 78414-3913
Branch Office2400 FM 3057Bay City, TX 77414-3890
Branch Office9502 Bayport BlvdPasadena, TX 77507-1402