Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
409-892-1111
P.O. Box 12849
Beaumont, TX 77726

Mobiloil Credit Union is headquartered in Beaumont and is the 39th largest credit union in the state of Texas. It is also the 467th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 135 employees and 40,341 members. Mobiloil Credit Union has a A+ health rating.

Field of Membership Restrictions

If you live, work, worship or attend school in Jefferson, Hardin, Orange, Jasper or Newton counties, you can become a member of Mobiloil Federal Credit Union. - See Details

Related Posts



Reviews (2)

Some Of The Best Rates Nationwide...

My wife and I just opened Roth IRA share certificates with Mobil Oil Federal Credit Union. We looked around for the best rates available and MOFCU had the top 5 year rates. We might not get rich on the 2.53% APY however its an improvement over what Pentagon Fed Credit Union was offering for renewal of the CDs.

They were very helpful in setting up the accounts but note we did go to a local office in person. It was well worth the 45 minute investment.

Bad Management And Doesnt Want Your Business

After deposit of large sum which I got from ING savings they put a 7 business day hold, after asking to see manager twice the teller told me Ok 5 days hold. Wow you would think they have seen 1000s of these checks from savings plan. Maybe they think ING wouldn't cover the check, guess I can go another week without central air, Thank MOFCU



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 Mobiloil Credit Union had $1.83 million in non-current loans and owned real-estate with $57.63 million in equity and loan loss allowances on hand to cover it. This gives Mobiloil Credit Union a Texas Ratio of 3.18% 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 Mobiloil Credit Union experienced no significant changes from 3.10% as of December 31, 2012 to 3.18% as of December 31, 2013, resulting in a negative change of 2.69%. This indicates that the balance sheet and financial strength for Mobiloil Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mobiloil Credit Union has increased its total deposits by $24.76 million, resulting in 7% 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 Mobiloil Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Mobiloil Credit Union has $465.21 million in assets with $57.63 million in equity, resulting in a capitalization level of 12.39%, which is excellent.

Institution Statistics

Overall
NCUA #491
Year Chartered1935
Employees135
Primary Regulator
Assets and Liabilities
Assets$465.21 million
Loans$377.62 million
Deposits$378.20 million
Equity Capital$55.04 million
Loan Loss Allowance$2.59 million
Unbacked Noncurrent Loans$1.83 million
Real Estate Owned$0
Historic Data - December 2012
Assets$409.57 million
Equity Capital$47.84 million
Loan Loss Allowance$2.32 million
Unbacked Noncurrent Loans$1.83 million
Real Estate Owned$32,000
Profit Margin - Quarterly
Net Interest Margin4.5%
Return on Assets1.55%
Return on Equity13.08%
Interest Income$19.86 million
Rates
Skip to rates for:

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

Mobiloil Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Share Accounts
0.20%--IRA Savings
0.20%--Christmas Club
0.20%--Vacation Club
0.20%--Roth IRA Savings
0.20%--SEP IRA Savings
0.20%--CESA Savings

Mobiloil Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Money Management
0.05%$500-Prestige Checking
0.05%$500-Plus Interest Checking
0.05%$1k-Privileged Checking

Mobiloil Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.53%$1k-5 Year CD
2.38%$1k-5 Year Bump Rate CD
2.12%$1k-4 Year CD
1.76%$1k-3 Year CD
1.66%$1k-3 Year Bump Rate CD
1.26%$1k-24 Month CD
0.90%$1k-18 Month CD
0.80%$1k-12 Month CD
0.45%$1k-6 Month CD
0.45%$250-GenerationREAL 6 Month CD
0.35%$1k-3 Month CD

Mobiloil Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.53%$1k-5 Year IRA (Traditional,Roth,CESA,SEP)
2.12%$1k-4 Year IRA (Traditional,Roth,CESA,SEP)
1.76%$1k-3 Year IRA (Traditional,Roth,CESA,SEP)
1.26%$1k-24 Month IRA (Traditional,Roth,CESA,SEP)
0.90%$1k-18 Month IRA (Traditional,Roth,CESA,SEP)
0.80%$1k-12 Month IRA (Traditional,Roth,CESA,SEP)
0.45%$1k-6 Month IRA (Traditional,Roth,CESA,SEP)
0.45%$250-GenerationREAL 6 Month IRA (Traditional,Roth,CESA,SEP)
0.35%$1k-3 Month IRA (Traditional,Roth,CESA,SEP)
Locations


Mobiloil Credit Union Locations
Branch Office408 Highway 96 SSilsbee, TX 77656
Branch Office1131 S Highway 69Nederland, TX 776277716
Branch Office465 E Gibson StJasper, TX 75951
Branch Office1810 N Major DrBeaumont, TX 77713
Branch Office4285 Treadway RdBeaumont, TX 77706
Branch Office2050 Carroll StBeaumont, TX 77701