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866-687-4328
16320 Kensington Dr
Sugar Land, TX 77479-4097

Houston Federal Credit Union is headquartered in Sugar Land and is the 37th largest credit union in the state of Texas. It is also the 439th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 120 employees and 48,794 members. Houston Federal Credit Union has a A health rating.

Field of Membership Restrictions

Must work in one of the several member companies. Also open to those who live, work, worship or attend school in Rosenberg-Richmond, Thompsons or Arcola area. - See Details

Reviews (2)

Customer Service Is Lacking

Good luck if you want to get someone to talk to you on the phone about your account.  After answering several pesonal quetsions by the "answering pool", I was told to leave a message or call back.

Excellent Credit Union

The credit union really has everything you could ask for. Their workers are super polite and very helpful, the service I receive from them is increasingly pleasant, and they have many locations so they're always nearby. I have never had any issues with any payments or errors on any of my statements and any time there is something suspicious on my account, they contact me immediately and let me know the situation. I would highly recommend this credit union.



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 Houston Federal Credit Union had $963,000 in non-current loans and owned real-estate with $35.15 million in equity and loan loss allowances on hand to cover it. This gives Houston Federal Credit Union a Texas Ratio of 2.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Houston Federal Credit Union experienced no significant changes from 1.82% as of March 31, 2013 to 2.74% as of March 31, 2014, resulting in a negative change of 50.22%. This indicates that the balance sheet and financial strength for Houston Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Houston Federal Credit Union has increased its total deposits by $30.07 million, resulting in 6.75% 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 Houston Federal Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Houston Federal Credit Union has $514.96 million in assets with $35.15 million in equity, resulting in a capitalization level of 6.83%, which is below average.

Institution Statistics

Overall
NCUA #14091
Year Chartered1960
Employees120
Primary Regulator
Assets and Liabilities
Assets$514.96 million
Loans$263.62 million
Deposits$475.58 million
Equity Capital$34.27 million
Loan Loss Allowance$873,000
Unbacked Noncurrent Loans$963,000
Real Estate Owned$0
Historic Data - March 2013
Assets$481.53 million
Equity Capital$31.58 million
Loan Loss Allowance$819,000
Unbacked Noncurrent Loans$963,000
Real Estate Owned$42,000
Profit Margin - Quarterly
Net Interest Margin0.98%
Return on Assets0.57%
Return on Equity8.62%
Interest Income$3.12 million
Rates

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

Houston Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-IRA Share
0.20%$100k-Roth IRA Share
0.20%$100k-CESA Share
0.10%--Health Savings Account
0.06%$100k-Share Rate Account
0.03%--Vacation Club Account
0.03%--Holiday Club Account

Houston Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Insured Money Market Rate Account

Houston Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.02%--Platinum Business Checking Account
0.01%--Flexible Checking Account
0.01%--Classic Business Checking Account

Houston Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.57%$100k-60 Month Jumbo CD
1.45%$500-60 Month CD
1.17%$100k-48 Month Jumbo CD
1.12%$100k-36 Month Jumbo CD
1.05%$500-48 Month CD
1.00%$500-36 Month CD
0.77%$100k-30 Month Jumbo CD
0.72%$100k-24 Month Jumbo CD
0.65%$500-30 Month CD
0.62%$100k-18 Month Jumbo CD
0.60%$500-24 Month CD
0.57%$100k-12 Month Jumbo CD
0.50%$500-18 Month CD
0.47%$100k-6 Month Jumbo CD
0.45%$500-12 Month CD
0.35%$500-6 Month CD
0.20%$7,500-7 Day CD

Houston Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.57%$100k-60 Month Jumbo IRA
1.45%$500-60 Month IRA
1.17%$100k-48 Month Jumbo IRA
1.12%$100k-36 Month Jumbo IRA
1.05%$500-48 Month IRA
1.00%$500-36 Month IRA
0.77%$100k-30 Month Jumbo IRA
0.72%$100k-24 Month Jumbo IRA
0.65%$500-30 Month IRA
0.62%$100k-18 Month Jumbo IRA
0.60%$500-24 Month IRA
0.57%$100k-12 Month Jumbo IRA
0.50%$500-18 Month IRA
0.47%$100k-6 Month Jumbo IRA
0.45%$500-12 Month IRA
0.35%$500-6 Month IRA
0.20%$7,500-7 Day IRA
Locations


Houston Federal Credit Union Locations
Branch Office12346 Gulf Fwy Ste BHouston, TX 77034
Branch Office16320 Kensington DrSugar Land, TX 774794097
Branch Office1 Fluor Daniel DrSugar Land, TX 77478-3838
Branch Office3701 Kirby Dr Ste 120Houston, TX 77098-3921
Branch Office21550 State Highway 249Houston, TX 77070-1648
Branch Office28050 Southwest FwyRosenberg, TX 77471-7101
Branch Office6808 Bintliff DrHouston, TX 77074-3516
Branch Office5507 FM 1960 Rd W Ste EHouston, TX 77069-4307
Branch Office100 Fluor Daniel Dr # C102UGreenville, SC 29607-2761
Branch Office10300 Town Park DrHouston, TX 77072-5236