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.
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
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.
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
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.
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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||4.5%|
|Return on Assets||1.55%|
|Return on Equity||13.08%|
|Interest Income||$19.86 million|
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.
|0.20%||-||-||Roth IRA Savings|
|0.20%||-||-||SEP IRA Savings|
|0.05%||$500||-||Plus Interest Checking|
|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|
|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)|
|Mobiloil Credit Union Locations|
|Branch Office||408 Highway 96 S||Silsbee, TX 77656|
|Branch Office||1131 S Highway 69||Nederland, TX 776277716|
|Branch Office||465 E Gibson St||Jasper, TX 75951|
|Branch Office||1810 N Major Dr||Beaumont, TX 77713|
|Branch Office||4285 Treadway Rd||Beaumont, TX 77706|
|Branch Office||2050 Carroll St||Beaumont, TX 77701|