Space City Credit Union is headquartered in Houston and is the 150th largest credit union in the state of Texas. It is also the 1,968th largest credit union in the nation. It was established in 1965 and as of June of 2013, it had grown to 22 employees and 8,146 members. Space City Credit Union's savings rates are 94% higher than the national average, and it has a B+ health rating.
Must be an employee or retiree of one of the several member companies. Also open to those who live, work, worship or attend school within a 10 mile radius of the main branch. - See Details
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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 June 30, 2013 Space City Credit Union had $481,000 in non-current loans and owned real-estate with $5.02 million in equity and loan loss allowances on hand to cover it. This gives Space City Credit Union a Texas Ratio of 9.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Space City Credit Union held steady from 7.82% as of June 30, 2012 to 9.57% as of June 30, 2013, resulting in a negative change of 22.38%. This indicates that the balance sheet and financial strength for Space City Credit Union has held steady in recent periods.
In the past year, Space City Credit Union has increased its total deposits by $4.51 million, resulting in 8.2% 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 Space City 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. Space City Credit Union has $65.42 million in assets with $5.02 million in equity, resulting in a capitalization level of 7.68%, which is below average.
|Assets and Liabilities|
|Equity Capital||$4.88 million|
|Loan Loss Allowance||$149,000|
|Unbacked Noncurrent Loans||$419,000|
|Real Estate Owned||$62,000|
|Historic Data - June 2012|
|Equity Capital||$5.28 million|
|Loan Loss Allowance||$407,000|
|Unbacked Noncurrent Loans||$419,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.87%|
|Return on Assets||0.54%|
|Return on Equity||7.26%|
|Interest Income||$1.49 million|
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|0.25%||-||-||Moon Money Kids Savings|
|0.25%||-||-||Christmas Club Savings|
|0.50%||$50k||-||Money Market Checking|
|1.76%||$2k||-||5 Year Certificate|
|1.51%||$2k||-||4 Year Certificate|
|1.01%||$2k||-||3 Year Certificate|
|0.75%||$2k||-||2 Year Certificate|
|0.50%||$2k||-||1 Year Certificate|
|0.25%||$2k||-||6 Month Certificate|
|1.76%||$500||-||5 Year IRA Certificate|
|1.76%||$500||-||5 Year Roth IRA Certificate|
|1.51%||$500||-||4 Year IRA Certificate|
|1.51%||$500||-||4 Year Roth IRA Certificate|
|1.01%||$500||-||3 Year IRA Certificate|
|1.01%||$500||-||3 Year Roth IRA Certificate|
|0.76%||$500||-||2 Year IRA Certificate|
|0.76%||$500||-||2 Year Roth IRA Certificate|
|0.50%||$500||-||1 Year IRA Certificate|
|0.50%||$500||-||1 Year Roth IRA Certificate|
|0.25%||$500||-||6 Month IRA Certificate|
|0.25%||$500||-||6 Month Roth IRA Certificate|
|Space City Credit Union Locations|
|Branch Office||1030 Independence Pkwy S||La Porte, TX 77571-5076|
|Branch Office||3333 Richmond Ave||Houston, TX 77098-3007|
|Branch Office||1233 West loop S Ste 100||Houston, TX 77027-9136|
|Branch Office||16415 Jacintoport Blvd||Houston, TX 77015-6589|
|Branch Office||3101 Harrisburg Blvd||Houston, TX 77003|