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254-776-9550
731 N Valley Mills Dr
Waco, TX 76710-4848

GENCO Federal Credit Union is headquartered in Waco and is the 65th largest credit union in the state of Texas. It is also the 798th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 84 employees and 34,240 members. GENCO Federal Credit Union's money market rates are 14% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

If you live or work in McLennan or Angelina counties, you can join GENCO Federal Credit Union! - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 GENCO Federal Credit Union had $502,000 in non-current loans and owned real-estate with $29.31 million in equity and loan loss allowances on hand to cover it. This gives GENCO Federal Credit Union a Texas Ratio of 1.71% 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 GENCO Federal Credit Union decreased slightly from 2.29% as of March 31, 2013 to 1.71% as of March 31, 2014, resulting in a positive change of 25.05%.This indicates that the balance sheet and financial strength for GENCO Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, GENCO Federal Credit Union has increased its total deposits by $4.35 million, resulting in 2.01% 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 GENCO Federal Credit Union has shown is above average.

Capitalization

GRADE:
A

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. GENCO Federal Credit Union has $250.18 million in assets with $29.31 million in equity, resulting in a capitalization level of 11.71%, which is excellent.

Institution Statistics

Overall
NCUA #8585
Year Chartered1953
Employees84
Primary Regulator
Assets and Liabilities
Assets$250.19 million
Loans$152.38 million
Deposits$220.44 million
Equity Capital$28.74 million
Loan Loss Allowance$567,000
Unbacked Noncurrent Loans$502,000
Real Estate Owned$0
Historic Data - March 2013
Assets$242.79 million
Equity Capital$26.48 million
Loan Loss Allowance$560,000
Unbacked Noncurrent Loans$502,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.84%
Return on Equity7.31%
Interest Income$1.94 million
Rates

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GENCO Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%$50k-IRA Accumulator Account
0.55%$50k-Roth IRA Accumulator Account
0.55%$50k-CESA Accumulator Account
0.35%$5k-Share (Savings) Account
0.35%--Christmas Club Account
0.35%$100-Savings Safari Club Account

GENCO Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Money Market Account

GENCO Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$25kGENCO Advantage Checking - Qualifying
0.10%--First Class Checking
0.10%--Senior Checking
0.10%--Business Checking
0.05%--GENCO Advantage Checking - Non Qualifying

GENCO Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.61%$1k-60 Month Term Share Certificate
1.31%$1k-48 Month Term Share Certificate
1.10%$1k-36 Month Term Share Certificate
0.80%$1k-24 Month Term Share Certificate
0.60%$1k-12 Month Term Share Certificate
0.45%$10k-6 Month Term Share Certificate

GENCO Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.76%$50k-60 Month IRA Certificate
1.46%$50k-48 Month IRA Certificate
1.26%$50k-36 Month IRA Certificate
0.95%$50k-24 Month IRA Certificate
0.75%$50k-12 Month IRA Certificate
0.60%$50k-6 Month IRA Certificate
Locations


GENCO Federal Credit Union Locations
Branch Office1402 S John Redditt DrLufkin, TX 75904-4826
Branch Office201 Crossroads West CtrWaco, TX 76712-6466
Branch Office1500 N Loop 340Waco, TX 76705-2494
Branch Office230 N Frontage RdLorena, TX 76655
Branch Office731 N Valley Mills DrWaco, TX 76710-4848