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713-799-6200
P.O. Box 53088
Houston, TX 77052

PrimeWay Federal Credit Union is headquartered in Houston and is the 44th largest credit union in the state of Texas. It is also the 500th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 119 employees and 48,529 members. PrimeWay Federal Credit Union has a A health rating.

Field of Membership Restrictions

You’re eligible if you live, work, worship or attend school in the city of Houston, Washington or Fort Bend counties or most of Harris county. You’re also eligible if you work for one of our select employee groups. - See Details

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This Place Is A Joke!

If I could rate this zero stars I would. My husband was member of Texas One for MANY years.. and then Primeway bought them out. We never really had any problems with Texas One. He had a truck financed through them and paid off the truck over 2 years ago. When Primeway took over, they are now reporting on our credit EVERY QUARTER that we are OVER 120 DAYS LATE. Excuse me, but please enlighten me on how we are late on something that has been paid off for two years. Ontop of that, since we are "delinquent" on an account that is paid off, we are not able to use our account to make any purchases. ABSOLUTELY RIDICULOUS. We have repeatedly talked to people about this issue and every time we get the same old "oh my gosh we are so sorry we will take care of this immediately" and then by the time the next quarterly update comes in its the same BS. Definitely closing our account down with them and will NEVER go back to them again. Primeway is a joke.

Idiots!!!!!!!!!!!!

Having been a customer with Cameron Credit Union, then Texas One and now Primeway for 28 yrs. consecutively  I will be running as fast as I can from this bunch of IDIOTS. I was a victim of a purse theft. Without going into laborious detail the bank has now victimized me again by not shutting my account down immediately. I am now left with trying to submit fraud charges to Telecheck and the police because the theives have been writing $2500.00 checks on my account! Any other institution would have taken immediate action but the branch manager couldn't be bothered to meet with me in person ( I was told she was indeed in the building). This is not the way I expect my money and myself to be treated. They have broken a trust.

Check Your New Debit Card BEFORE You Leave The Credit Union

Make sure you tell the credit union to activate your debit card by phone on their end before you leave the credit union.  Stand there and watch them do it.  Otherwise you will send your college student living in a different city where there is NO PW credit union a worthless debit card. 

They will need to get through a weekend with $10 cash, no gas in their car, and no campus cafeterias open to eat.  They will be forced to borrow money from other college students who also have NO MONEY...and hope that someone will kindly feed them.    And to rub salt in the wounds PW refused to overnight a fully activated debit card to my son. Why?  they don't send debit cards to a PO box. Okay - I get that however I am a long time customer, I eat lunch with the credit union president - they knew my son was away at school.  When a student lives on campus in a dorm they will NEVER have a street address.   

Never Have An Account Or Policy With Primeway

First off I have had a auto loan since 2008 and now all of a sudden Primeway wants to try to repo my vehicle. I have made all of my payments on time and the only problem on my part is having liability insurance. So they take it upon themselves to start charging me an extra $1000 a year to my account to pay for their insurance that does not even cover me. Ever since Primeway has taken over my auto loan I have had nothing but problems. If you ever get a chance to have another company deal with your account or loan take that offer immediately and stay far away from this crappy company. This place is the biggest joke I have ever come across. I will never do business with these people again.

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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 PrimeWay Federal Credit Union had $2.09 million in non-current loans and owned real-estate with $28.73 million in equity and loan loss allowances on hand to cover it. This gives PrimeWay Federal Credit Union a Texas Ratio of 7.29% 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 PrimeWay Federal Credit Union decreased dramatically from 12.24% as of December 31, 2012 to 7.29% as of December 31, 2013, resulting in a positive change of 40.47%.This indicates that the balance sheet and financial strength for PrimeWay Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, PrimeWay Federal Credit Union has increased its total deposits by $13.42 million, resulting in 3.48% 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 PrimeWay Federal 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. PrimeWay Federal Credit Union has $429.26 million in assets with $28.73 million in equity, resulting in a capitalization level of 6.69%, which is below average.

Institution Statistics

Overall
NCUA #2131
Year Chartered1937
Employees119
Primary Regulator
Assets and Liabilities
Assets$429.26 million
Loans$258.35 million
Deposits$398.69 million
Equity Capital$26.92 million
Loan Loss Allowance$1.81 million
Unbacked Noncurrent Loans$2.09 million
Real Estate Owned$0
Historic Data - December 2012
Assets$417.76 million
Equity Capital$27.87 million
Loan Loss Allowance$2.07 million
Unbacked Noncurrent Loans$2.09 million
Real Estate Owned$863,000
Profit Margin - Quarterly
Net Interest Margin4.18%
Return on Assets0.14%
Return on Equity2.18%
Interest Income$14.42 million
Rates

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

PrimeWay Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Tax Advantaged Savings IRA
0.15%--Tax Advantaged Savings Roth IRA
0.15%--Tax Advantaged Savings CESA
0.05%$100-Primary Shares
0.05%$100-Holiday Savings

PrimeWay Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$75k-Money Market Account

PrimeWay Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Premier Checking Share Draft
0.05%--Elite Checking Share Draft

PrimeWay Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month Share Certificate
0.75%$500-48 Month Share Certificate
0.50%$500-36 Month Share Certificate
0.35%$500-24 Month Share Certificate
0.35%$75k-12 Month Share Certificate Jumbo
0.25%$500$75k12 Month Share Certificate
0.25%$75k-6 Month Share Certificate Jumbo
0.25%$250-12 Month Youth Club Certificate
0.15%$500$75k6 Month Share Certificate

PrimeWay Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month IRA Share Certificate (Traditional,Roth,CESA)
0.75%$500-48 Month IRA Share Certificate (Traditional,Roth,CESA)
0.50%$500-36 Month IRA Share Certificate (Traditional,Roth,CESA)
0.35%$500-24 Month IRA Share Certificate (Traditional,Roth,CESA)
0.35%$75k-12 Month IRA Share Certificate Jumbo (Traditional,Roth,CESA)
0.25%$500$75k12 Month IRA Share Certificate (Traditional,Roth,CESA)
0.25%$75k-6 Month IRA Share Certificate Jumbo (Traditional,Roth,CESA)
0.15%$500$75k6 Month IRA Share Certificate (Traditional,Roth,CESA)
Locations


PrimeWay Federal Credit Union Locations
Branch Office2503 Bagby StHouston, TX 77006-1605
Branch Office9828 Blackhawk BlvdHouston, TX 77075
Branch Office100 Dominion Park DrHouston, TX 77090-6716
Branch Office6550 Fannin St Ste 235Houston, TX 77030-2739
Branch Office3800 Washington AveHouston, TX 77007-5822
Branch Office7000 Fannin St Ste 120Houston, TX 77030
Branch Office5201 Highway 6 Ste 650Missouri City, TX 77459
Branch Office13611 Skinner Rd Ste 170Cypress, TX 77429
Branch Office12811 Northwest FwyHouston, TX 77040