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866-449-0109
905 Aldine Bender Rd
Houston, TX 77032

InvesTex Credit Union is headquartered in Houston and is the 87th largest credit union in the state of Texas. It is also the 1,029th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 57 employees and 26,926 members. InvesTex Credit Union's savings rates are 94% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live or work in the geographic region of the Lone Star College System or the School District in that region. Also open to employees of retail merchants that are members of the Retail Merchants Association of Houston, Inc. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 InvesTex Credit Union had $459,000 in non-current loans and owned real-estate with $16.12 million in equity and loan loss allowances on hand to cover it. This gives InvesTex Credit Union a Texas Ratio of 2.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for InvesTex Credit Union decreased dramatically from 4.65% as of December 31, 2012 to 2.85% as of December 31, 2013, resulting in a positive change of 38.76%.This indicates that the balance sheet and financial strength for InvesTex Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, InvesTex Credit Union has increased its total deposits by $50.21 million, resulting in 48.33% 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 InvesTex 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. InvesTex Credit Union has $171.13 million in assets with $16.12 million in equity, resulting in a capitalization level of 9.42%, which is average.

Institution Statistics

Overall
NCUA #67637
Year Chartered1952
Employees57
Primary Regulator
Assets and Liabilities
Assets$171.13 million
Loans$92.94 million
Deposits$154.11 million
Equity Capital$15.72 million
Loan Loss Allowance$392,000
Unbacked Noncurrent Loans$459,000
Real Estate Owned$0
Historic Data - December 2012
Assets$116.80 million
Equity Capital$11.82 million
Loan Loss Allowance$352,000
Unbacked Noncurrent Loans$459,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.11%
Return on Assets0.19%
Return on Equity2.05%
Interest Income$5.40 million
Rates
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InvesTex Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.01%$20k-IRA
0.15%$20k-Lil' Roper Club
0.10%$20k-Regular Savings
0.10%$20k-Secondary Savings
0.05%-$5kVacation Club
0.05%-$5kChristmas Club

InvesTex Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$20k-High-Yield Checking
0.00%$500-Lone Star Select
0.00%$500-Lone Star Diamond

InvesTex Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$50k-5 Year Jumbo CD
1.21%$1k-5 Year CD
1.15%$50k-4 Year Jumbo CD
0.95%$1k-4 Year CD
0.80%$50k-3 Year Jumbo CD
0.60%$1k-3 Year CD
0.55%$50k-2 Year Jumbo CD
0.50%$50k-18 Month Jumbo CD
0.45%$50k-1 Year Jumbo CD
0.40%$50k-6 Month Jumbo CD
0.35%$1k-2 Year CD
0.30%$1k-18 Month CD
0.25%$1k-1 Year CD
0.20%$1k-6 Month CD
0.10%$100-1 Year Payroll Growth CD

InvesTex Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$50k-5 Year Jumbo IRA CD
1.21%$1k-5 Year IRA CD
1.15%$50k-4 Year Jumbo IRA CD
0.95%$1k-4 Year IRA CD
0.80%$50k-3 Year Jumbo IRA CD
0.60%$1k-3 Year IRA CD
0.55%$50k-2 Year Jumbo IRA CD
0.50%$50k-18 Month Jumbo IRA CD
0.45%$50k-1 Year Jumbo IRA CD
0.40%$50k-6 Month Jumbo IRA CD
0.35%$1k-2 Year IRA CD
0.30%$1k-18 Month IRA CD
0.25%$1k-1 Year IRA CD
0.20%$1k-6 Month IRA CD
0.10%$100-1 Year Payroll Growth IRA CD
Locations


InvesTex Credit Union Locations
Branch Office24922 State Highway 249Tomball, TX 77375
Branch Office230 Cypresswood Dr Ste HSpring, TX 77388
Branch Office5212 Atascocita RdHumble, TX 77346
Branch Office500 Dallas St Ste P110Houston, TX 77002
Branch Office1614 N Durham DrHouston, TX 77008
Branch Office905 Aldine Bender RdHouston, TX 77032