GO Federal Credit Union is headquartered in Dallas and is the 103rd largest credit union in the state of Texas. It is also the 1,318st largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 50 employees and 17,975 members. GO Federal Credit Union's savings rates are 3X the national average, and it has a B+ health rating.
People who live, work, worship, volunteer or attend school in Dallas County are eligible for membership. Immediate families and households of current members can also join the credit union. People and their spouses who reside, work or worship regularly in the City of Dallas may join. Those businesses and organizations residing, working or worshiping in Dallas County are eligible. People who are volunteers for groups and organizations in Dallas County may join the credit union. Immediate families and households of eligible members can also join the credit union. - See Details
Their early withdrawal penalty on a five year certificate of deposit is two and a one-half years interest vs. one-half year by the biggest credit union. So their penalty is an amazing five times higher.
This credit union does not nickle and dime you. Sure, they have their share of fees, but if you are active in managing your money, you can avoid them. I feel everyone should have a credit union account. Their only MINOR disadvantage is that there are not many branches across Dallas, Texas.
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 GO Federal Credit Union had $202,000 in non-current loans and owned real-estate with $8.93 million in equity and loan loss allowances on hand to cover it. This gives GO Federal Credit Union a Texas Ratio of 2.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for GO Federal Credit Union experienced no significant changes from 2.30% as of December 31, 2012 to 2.26% as of December 31, 2013, resulting in a positive change of 1.80%.This indicates that the balance sheet and financial strength for GO Federal Credit Union has had no significant changes in recent periods.
In the past year, GO Federal Credit Union has decreased its total deposits by $-904,000, resulting in -0.83% 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 GO Federal Credit Union has shown is 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. GO Federal Credit Union has $120.47 million in assets with $8.93 million in equity, resulting in a capitalization level of 7.42%, which is below average.
|Assets and Liabilities|
|Equity Capital||$8.45 million|
|Loan Loss Allowance||$483,000|
|Unbacked Noncurrent Loans||$86,000|
|Real Estate Owned||$116,000|
|Historic Data - December 2012|
|Equity Capital||$9.01 million|
|Loan Loss Allowance||$500,000|
|Unbacked Noncurrent Loans||$86,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.17%|
|Return on Assets||-0.46%|
|Return on Equity||-6.61%|
|Interest Income||$4.97 million|
Always verify rates and promotions with the bank or credit union. We are not GO Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|1.45%||$100||-||Health Savings Account (HSA Checking)|
|0.10%||$25||-||Smart Start Club|
|0.10%||$25||-||IRA Share Savings|
|0.10%||$25||-||Roth IRA Share Savings|
|0.10%||$25||-||Coverdell Education Savings Account|
|0.25%||$300k||-||Money Market Account|
|1.20%||$99k||-||5 Year Jumbo Certificate|
|1.10%||$50k||$99k||5 Year Mini-Jumbo Certificate|
|1.00%||$1k||-||5 Year Term Share Certificate|
|0.90%||$99k||-||4 Year Jumbo Certificate|
|0.80%||$50k||$99k||4 Year Mini-Jumbo Certificate|
|0.70%||$1k||-||4 Year Term Share Certificate|
|0.60%||$99k||-||3 Year Jumbo Certificate|
|0.50%||$50k||$99k||3 Year Mini-Jumbo Certificate|
|0.50%||$99k||-||2 Year Jumbo Certificate|
|0.45%||$99k||-||18 Month Jumbo Certificate|
|0.40%||$1k||-||3 Year Term Share Certificate|
|0.40%||$50k||$99k||2 Year Mini-Jumbo Certificate|
|0.40%||$99k||-||1 Year Jumbo Certificate|
|0.35%||$50k||$99k||18 Month Mini-Jumbo Certificate|
|0.30%||$1k||-||2 Year Term Share Certificate|
|0.30%||$50k||$99k||1 Year Mini-Jumbo Certificate|
|0.25%||$1k||-||18 Month Term Share Certificate|
|0.20%||$1k||-||1 Year Term Share Certificate|
|0.10%||$1k||-||6 Month Term Share Certificate|
|1.00%||$500||-||5 Year IRA Term Share Certificate (Traditional,Roth,CESA)|
|0.70%||$500||-||4 Year IRA Term Share Certificate (Traditional,Roth,CESA)|
|0.40%||$500||-||3 Year IRA Term Share Certificate (Traditional,Roth,CESA)|
|0.30%||$500||-||2 Year IRA Term Share Certificate (Traditional,Roth,CESA)|
|0.25%||$500||-||18 Month IRA Term Share Certificate (Traditional,Roth,CESA)|
|0.20%||$500||-||1 Year IRA Term Share Certificate (Traditional,Roth,CESA)|
|0.10%||$500||-||6 Month IRA Term Share Certificate (Traditional,Roth,CESA)|
|GO Federal Credit Union Locations|
|Branch Office||3200 W Pleasant Run Rd||Lancaster, TX 75146-1073|
|Branch Office||4040 N Central Expy||Dallas, TX 75204-3158|
|Branch Office||5429 Lbj Fwy Ste 100||Dallas, TX 75240-2647|
|Branch Office||5429 Lbj Fwy Ste 600||Dallas, TX 75240-2611|