KBR Heritage Credit Union is headquartered in HOUSTON and is the 124th largest credit union in the state of Texas. It is also the 1,639th largest credit union in the nation. It was established in 1953 and as of September of 2013, it had grown to 11 employees and 5,217 members. KBR Heritage Credit Union has a A health rating.
Field of Membership Restrictions
Must be an employee of the KBR, KBR Technology Center or Halliburton in Houston, Texas. - See Details
I Love KBR Heritage
I love KBR Heritage. They truly are interested in helping me make the most of my money. In addition, in the last 10 years, I've received 4 loans that I couldn't get at my regular bank and at a great rate.
Ms. Trina is the best and seems to genuinely care about her customers, as do the entire team. Great job. I'll stay with this credit union forever.
Data for Q3 2013
Institution Health
Texas Ratio
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 September 30, 2013 KBR Heritage Credit Union had $289,000 in non-current loans and owned real-estate with $10.38 million in equity and loan loss allowances on hand to cover it. This gives KBR Heritage Credit Union a Texas Ratio of 2.78% 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 KBR Heritage Credit Union held steady from 2.49% as of September 30, 2012 to 2.78% as of September 30, 2013, resulting in a negative change of 11.97%. This indicates that the balance sheet and financial strength for KBR Heritage Credit Union has held steady in recent periods.
Deposit Growth
In the past year, KBR Heritage Credit Union has increased its total deposits by $708,000, resulting in 0.94% 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 KBR Heritage Credit Union has shown is above average.
Capitalization
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. KBR Heritage Credit Union has $86.15 million in assets with $10.38 million in equity, resulting in a capitalization level of 12.05%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 8344 |
| Year Chartered | 1953 |
| Employees | 11 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $86.15 million |
| Loans | $23.79 million |
| Deposits | $75.75 million |
| Equity Capital | $10.16 million |
| Loan Loss Allowance | $221,000 |
| Unbacked Noncurrent Loans | $289,000 |
| Real Estate Owned | $0 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $85.22 million |
| Equity Capital | $9.85 million |
| Loan Loss Allowance | $205,000 |
| Unbacked Noncurrent Loans | $289,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.53% |
| Return on Assets | 0.31% |
| Return on Equity | 2.66% |
| Interest Income | $1.16 million |
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KBR Heritage Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $500 | - | Regular Share Account | |
| 0.15% | $501 | - | IRA Share Account | |
| 0.15% | $501 | - | Roth IRA Share Account | |
| 0.15% | $501 | - | Educational IRA Share Account | |
| 0.00% | - | - | Special Savings Account |
KBR Heritage Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.00% | - | - | Regular Checking Account |
KBR Heritage Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.00% | $7,500 | - | 91 Day Term Share Certificate | |
| 0.00% | $10k | - | 6 Month Term Share Certificate |
KBR Heritage Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $2k | - | 1 Year IRA Term Share Certificate | |
| 0.15% | $2k | - | 1 Year Roth IRA Term Share Certificate | |
| 0.15% | $2k | - | 1 Year Educational IRA Term Share Certificate |
| KBR Heritage Credit Union Locations | ||
|---|---|---|
| Branch Office | 601 JEFFERSON ST # KT-02 | HOUSTON, TX 77002 |