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Overview / Commentary
800-388-7889
8384 N Belt Line Rd
Irving, TX 75063-6006

Mobility Credit Union is headquartered in Irving and is the 86th largest credit union in the state of Texas. It is also the 1,013st largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 37 employees and 11,538 members. Mobility Credit Union's money market rates are 48% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

If you live, work, worship or attend school within 10 miles of any of our branches, you can join. It’s that simple! We also offer membership through numerous companies around the DFW and Houston areas. - See Details

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Reviews (1)

Better Banking W/ Credit Unions Are A MYTH!

Or at least Mobility has caused me to believe that. I have applied with them twice once for a loan and once for a credit card. I was turned down twice. Their reasoning: not enough credit history. I checked my credit score using Experian. The same credit bureau that all financial institutions use. I have a score of 731. It's not an 830, but it is "excellent". Experian also stated that my credit score is 53% higher than half of the people in the U.S. if that's not credit worthy I don't know what is. Also with the same credit history and score. I was approved for a car loan much higher than the amount that I request from Mobility and I now have a credit card WITHOUT the co-signer that they were requesting that I get. I think they are broke. I wish they would say so instead of wasting my time and dinging my credit when they know they don't have anything to lend out.



Health

Data for Q1 2014

Institution Health

B+

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 Mobility Credit Union had $828,000 in non-current loans and owned real-estate with $12.62 million in equity and loan loss allowances on hand to cover it. This gives Mobility Credit Union a Texas Ratio of 6.56% 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 Mobility Credit Union experienced no significant changes from 5.22% as of March 31, 2013 to 6.56% as of March 31, 2014, resulting in a negative change of 25.66%. This indicates that the balance sheet and financial strength for Mobility Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mobility Credit Union has increased its total deposits by $19.47 million, resulting in 14.15% 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 Mobility 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. Mobility Credit Union has $179.61 million in assets with $12.62 million in equity, resulting in a capitalization level of 7.03%, which is below average.

Institution Statistics

Overall
NCUA #68606
Year Chartered1965
Employees37
Primary Regulator
Assets and Liabilities
Assets$179.61 million
Loans$103.08 million
Deposits$157.11 million
Equity Capital$12.25 million
Loan Loss Allowance$370,000
Unbacked Noncurrent Loans$828,000
Real Estate Owned$0
Historic Data - March 2013
Assets$161.11 million
Equity Capital$13.42 million
Loan Loss Allowance$508,000
Unbacked Noncurrent Loans$828,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.27%
Return on Equity4.02%
Interest Income$1.11 million
Rates

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

Mobility Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Savings
0.25%$100-Roth IRA Savings
0.25%$100-CESA Savings
0.05%$5k-Regular Savings
0.05%$5k-Secondary Savings
0.05%$5k-Escrow Savings

Mobility Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$500k-Money Market

Mobility Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$1k-Choice Checking

Mobility Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$250k-24 Month CD
0.65%$250k-12 Month CD
0.60%$250k-6 Month CD
0.45%$250k-3 Month CD

Mobility Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$250k-24 Month IRA
0.65%$250k-12 Month IRA
0.60%$250k-6 Month IRA
0.45%$250k-3 Month IRA
Locations


Mobility Credit Union Locations
Branch Office9143 Boulevard 26 Suite 660North Richland Hills, TX 76180
Branch Office22560 Tomball Pkwy Ste 100Houston, TX 77070-1531
Branch Office2101 Valwood PkwyFarmers Branch, TX 75234-8816
Branch Office8384 N Belt Line RdIrving, TX 75063-6006