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2740 N County Rd W
Odessa, TX 79764

First Basin Credit Union is headquartered in Odessa and is the 82nd largest credit union in the state of Texas. It is also the 927th largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 77 employees and 21,710 members. First Basin Credit Union has a B+ health rating.

Field of Membership Restrictions

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Reviews (1)

Their Customers Mean Little To Them

The customer service is ok to a point, but how they deal with a dual customer account is not balanced.  


Data for Q1 2014

Institution Health


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 First Basin Credit Union had $700,000 in non-current loans and owned real-estate with $16.93 million in equity and loan loss allowances on hand to cover it. This gives First Basin Credit Union a Texas Ratio of 4.13% 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 First Basin Credit Union experienced no significant changes from 3.88% as of March 31, 2013 to 4.13% as of March 31, 2014, resulting in a negative change of 6.48%. This indicates that the balance sheet and financial strength for First Basin Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, First Basin Credit Union has increased its total deposits by $2.77 million, resulting in 1.53% 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 First Basin Credit Union has shown is above average.



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. First Basin Credit Union has $202.33 million in assets with $16.93 million in equity, resulting in a capitalization level of 8.37%, which is average.

Institution Statistics

NCUA #67609
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$202.33 million
Loans$100.39 million
Deposits$183.70 million
Equity Capital$15.92 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$361,000
Real Estate Owned$339,000
Historic Data - March 2013
Assets$200.34 million
Equity Capital$14.52 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$361,000
Real Estate Owned$514,000
Profit Margin - Quarterly
Net Interest Margin1.26%
Return on Assets0.98%
Return on Equity12.49%
Interest Income$1.50 million

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First Basin Credit Union Savings Account Rates

0.25%$1k-Regular Share Account
0.25%--Kids' Club Account
0.25%$500-Christmas Club Account
0.25%$500-Vacation Club Account

First Basin Credit Union Money Market Rates

0.30%$25k-Platinum Money Market Account

First Basin Credit Union Checking Account Rates

0.10%$500-Checking Plus Account

First Basin Credit Union CD Rates

1.50%$1k-60 Month CD
1.30%$1k-36 Month CD
1.00%$1k-24 Month CD
0.50%$1k-12 Month CD
0.30%$1k-6 Month CD

First Basin Credit Union IRA Rates

1.50%$1k-60 Month IRA
1.30%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.50%$1k-12 Month IRA

First Basin Credit Union Locations
Branch Office2740 N County Rd WOdessa, TX 79764
Branch Office713 Golder AveOdessa, TX 79761-4414
Branch Office1010 E 8th StOdessa, TX 79761
Branch Office5509 Andrews HwyMidland, TX 79706
Branch Office1205 NE 1st StAndrews, TX 79714
Branch Office4217 N Grandview AveOdessa, TX 79762-5843
Branch Office3316 N Midland DrMidland, TX 79707