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Overview / Commentary
1312 Lawrence St
Gainesville, TX 76240

Nascoga Credit Union is headquartered in Gainesville and is the 130th largest credit union in the state of Texas. It is also the 1,718st largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 20 employees and 6,114 members. Nascoga Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Cooke County or Grayson County. - See Details

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Membership Requirements

In order to be eligible to receive the benefits of the high interest checking, you must become a member of the credit union. The requirements for joining are:

Work, live, attend school or worship in Cooke County Texas or have a family member who is a member.

Accounts must be opened in person.


Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Nascoga Credit Union has a relatively low asset base.

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 December 31, 2013 Nascoga Credit Union had $33,000 in non-current loans and owned real-estate with $6.8 million in equity and loan loss allowances on hand to cover it. This gives Nascoga Credit Union a Texas Ratio of 0.49% 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 Nascoga Credit Union decreased dramatically from 0.97% as of December 31, 2012 to 0.49% as of December 31, 2013, resulting in a positive change of 50.04%.This indicates that the balance sheet and financial strength for Nascoga Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Nascoga Credit Union has increased its total deposits by $4.7 million, resulting in 6.84% 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 Nascoga 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. Nascoga Credit Union has $80.71 million in assets with $6.8 million in equity, resulting in a capitalization level of 8.42%, which is average.

Institution Statistics

NCUA #11067
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$80.71 million
Loans$43.50 million
Deposits$73.48 million
Equity Capital$6.76 million
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$33,000
Real Estate Owned$0
Historic Data - December 2012
Assets$75.56 million
Equity Capital$6.25 million
Loan Loss Allowance$23,000
Unbacked Noncurrent Loans$33,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.09%
Return on Assets0.25%
Return on Equity2.97%
Interest Income$2.21 million

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Nascoga Credit Union Savings Account Rates

1.00%--IRA Share Savings Account
1.00%--Roth IRA Share Savings Account
0.20%$50k-Savings Account

Nascoga Credit Union Money Market Rates

0.25%$50k-Money Market Account

Nascoga Credit Union Checking Account Rates

2.78%-$30kBonus Checking
0.15%$100-Regular Checking Account
0.15%--Bonus Checking
0.15%$100-Business Checking
0.00%--Free Checking Account

Nascoga Credit Union CD Rates

1.00%$1k-36 Month CD
0.65%$1k-24 Month CD
0.50%$1k-18 Month CD
0.35%$1k-12 Month CD
0.30%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Nascoga Credit Union IRA Rates

1.00%$1k-36 Month IRA CD (Traditional,Roth)
0.65%$1k-24 Month IRA CD (Traditional,Roth)
0.50%$1k-18 Month IRA CD (Traditional,Roth)
0.35%$1k-12 Month IRA CD (Traditional,Roth)
0.30%$1k-9 Month IRA CD (Traditional,Roth)
0.20%$1k-6 Month IRA CD (Traditional,Roth)
0.15%$1k-3 Month IRA CD (Traditional,Roth)

Nascoga Credit Union Locations
Branch Office1312 Lawrence StGainesville, TX 76240
Branch Office418 N Union StWhitesboro, TX 76273
Branch Office100 Kiowa Dr W Ste 104Lake Kiowa, TX 76240