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Overview / Commentary
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 March of 2014, it had grown to 27 employees and 8,384 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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Data for Q1 2014

Institution Health

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


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Chemcel Federal Credit Union had $249,000 in non-current loans and owned real-estate with $10.45 million in equity and loan loss allowances on hand to cover it. This gives Chemcel Federal Credit Union a Texas Ratio of 2.38% 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 Chemcel Federal Credit Union decreased dramatically from 4.58% as of March 31, 2013 to 2.38% as of March 31, 2014, resulting in a positive change of 47.95%.This indicates that the balance sheet and financial strength for Chemcel Federal Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Chemcel Federal Credit Union has increased its total deposits by $3.7 million, resulting in 4.39% 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.



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 $98.74 million in assets with $10.45 million in equity, resulting in a capitalization level of 10.58%, which is above average.

Institution Statistics

NCUA #7129
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$98.74 million
Loans$48.09 million
Deposits$87.81 million
Equity Capital$10.20 million
Loan Loss Allowance$249,000
Unbacked Noncurrent Loans$249,000
Real Estate Owned$0
Historic Data - March 2013
Assets$94.61 million
Equity Capital$9.47 million
Loan Loss Allowance$332,000
Unbacked Noncurrent Loans$249,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.01%
Return on Equity9.81%
Interest Income$788,000

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Chemcel Federal Credit Union Savings Account Rates

1.00%--IRA Shares
1.00%--Roth IRA Shares
0.45%--Christmas Club

Chemcel Federal Credit Union Money Market Rates

0.60%$75k-Money Market

Chemcel Federal Credit Union Checking Account Rates

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

Chemcel Federal Credit Union CD Rates

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

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

Chemcel Federal Credit Union Locations
Main Office5740 County Road 4Bishop, TX 78343
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