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Overview / Commentary
903-223-0000
2301 Richmond Rd
Texarkana, TX 75503

TEXAR Federal Credit Union is headquartered in TEXARKANA and is the 59th largest credit union in the state of Texas. It is also the 679th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 84 employees and 26,990 members. TEXAR Federal Credit Union has a A health rating.

Field of Membership Restrictions

All citizens of Cass, Bowie, and Miller Counties and most citizens of Red River County are eligible for membership. Persons meeting other select criteria are also eligible for membership with TEXAR Federal Credit Union; see bank's site for details - See Details

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Reviews (1)

Rich & Affluent

They smile at you the majority of the time (only because they are trained to), but this bank is not for the poor or working community. If some of the employees had their way only a few classes of people would be members.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 TEXAR Federal Credit Union had $1.01 million in non-current loans and owned real-estate with $36.27 million in equity and loan loss allowances on hand to cover it. This gives TEXAR Federal Credit Union a Texas Ratio of 2.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for TEXAR Federal Credit Union experienced no significant changes from 2.51% as of March 31, 2013 to 2.78% as of March 31, 2014, resulting in a negative change of 10.63%. This indicates that the balance sheet and financial strength for TEXAR Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, TEXAR Federal Credit Union has increased its total deposits by $2.8 million, resulting in 1.14% 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 TEXAR Federal Credit Union has shown is above average.

Capitalization

GRADE:
A

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. TEXAR Federal Credit Union has $312.23 million in assets with $36.27 million in equity, resulting in a capitalization level of 11.62%, which is excellent.

Institution Statistics

Overall
NCUA #24567
Year Chartered1951
Employees84
Primary Regulator
Assets and Liabilities
Assets$312.23 million
Loans$181.16 million
Deposits$248.14 million
Equity Capital$35.28 million
Loan Loss Allowance$991,000
Unbacked Noncurrent Loans$859,000
Real Estate Owned$150,000
Historic Data - March 2013
Assets$296.67 million
Equity Capital$33.39 million
Loan Loss Allowance$768,000
Unbacked Noncurrent Loans$859,000
Real Estate Owned$119,000
Profit Margin - Quarterly
Net Interest Margin1.26%
Return on Assets1.28%
Return on Equity11.32%
Interest Income$3.28 million
Rates

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

TEXAR Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$1k-IRA Savings Account
0.10%--Regular Shares

TEXAR Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$2,500-Money Market Checking

TEXAR Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Dividend Checking

TEXAR Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.45%$1k-48 Month Online Share Certificate
1.35%$1k-48 Month Share Certificate
1.25%$1k-36 Month Online Share Certificate
1.20%$1k-24 Month Online Share Certificate
1.15%$1k-36 Month Share Certificate
1.10%$1k-24 Month Share Certificate
1.05%$1k-18 Month Online Share Certificate
0.95%$1k-18 Month Share Certificate
0.75%$1k-12 Month Online Share Certificate
0.65%$1k-12 Month Share Certificate
0.55%$1k-6 Month Online Share Certificate
0.45%$1k-6 Month Share Certificate

TEXAR Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$1k-48 Month IRA Share Certificate
1.15%$1k-36 Month IRA Share Certificate
1.10%$1k-24 Month IRA Share Certificate
0.95%$1k-18 Month IRA Share Certificate
0.65%$1k-12 Month IRA Share Certificate
0.45%$1k-6 Month IRA Share Certificate
Locations


TEXAR Federal Credit Union Locations
Branch Office4437 JEFFERSON AVETEXARKANA, AR 71854
Branch Office3525 Stoneledge DrTEXARKANA, TX 75503
Branch Office1020 W FRONT STDE KALB, TX 75559
Branch Office103 WILDER DRHOOKS, TX 75561-5072
Branch Office103 W ALLDAY STATLANTA, TX 75551-2201
Branch Office2301 RICHMOND RDTEXARKANA, TX 75503
Branch Office507 JAMES BOWIE DRNEW BOSTON, TX 75570-2321