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800-532-0223
8870 Gazelle Dr
El Paso, TX 79925

One Source Credit Union is headquartered in EL PASO and is the 123rd largest credit union in the state of Texas. It is also the 1,603rd largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 32 employees and 11,320 members. One Source Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in El Paso County or Las Cruces. - See Details

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Health

Data for Q4 2013

Institution Health

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

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 One Source Credit Union had $875,000 in non-current loans and owned real-estate with $8.58 million in equity and loan loss allowances on hand to cover it. This gives One Source Credit Union a Texas Ratio of 10.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for One Source Credit Union decreased dramatically from 16.85% as of December 31, 2012 to 10.20% as of December 31, 2013, resulting in a positive change of 39.49%.This indicates that the balance sheet and financial strength for One Source Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, One Source Credit Union has increased its total deposits by $1.56 million, resulting in 2% 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 One Source Credit Union has shown is above average.

Capitalization

GRADE:
B

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. One Source Credit Union has $89.11 million in assets with $8.58 million in equity, resulting in a capitalization level of 9.63%, which is above average.

Institution Statistics

Overall
NCUA #2115
Year Chartered1937
Employees32
Primary Regulator
Assets and Liabilities
Assets$89.11 million
Loans$65.24 million
Deposits$79.75 million
Equity Capital$8.02 million
Loan Loss Allowance$565,000
Unbacked Noncurrent Loans$875,000
Real Estate Owned$0
Historic Data - December 2012
Assets$87.39 million
Equity Capital$8.34 million
Loan Loss Allowance$473,000
Unbacked Noncurrent Loans$875,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.19%
Return on Assets0.32%
Return on Equity3.57%
Interest Income$4.24 million
Rates

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

One Source Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Savings
0.15%--Share Savings Account
0.15%--Club Account

One Source Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-Money Market Account

One Source Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Gold Checking
0.15%--Silver Checking
0.00%--Bronze Checking
0.00%--Liberty Checking

One Source Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$1k-60 Month Share Certificate
1.11%$1k-48 Month Share Certificate
1.00%$500-36 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.65%$500-18 Month Share Certificate
0.55%$500-12 Month Share Certificate
0.55%$2k-24 Month Bump-it-Up Share Certificate
0.55%$50-12 Month Money Tree Share Certificate
0.45%$500-6 Month Share Certificate
0.25%$500-3 Month Share Certificate

One Source Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$2,500-60 Month IRA Certificate
1.11%$2,500-48 Month IRA Certificate
1.00%$500-36 Month IRA Certificate
0.80%$500-24 Month IRA Certificate
0.65%$500-18 Month IRA Certificate
0.55%$2,500-24 Month Bump-it-Up IRA Certificate
0.55%$500-12 Month IRA Certificate
0.45%$500-6 Month IRA Certificate
Locations


One Source Credit Union Locations
Branch Office8870 Gazelle DrEl Paso, TX 79925
Branch Office1375 E Boutz RdLas Cruces, NM 88001-5305
Branch Office5730 Cromo DrEl Paso, TX 79912