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.
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
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.
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.
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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$35.28 million|
|Loan Loss Allowance||$991,000|
|Unbacked Noncurrent Loans||$859,000|
|Real Estate Owned||$150,000|
|Historic Data - March 2013|
|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 Margin||1.26%|
|Return on Assets||1.28%|
|Return on Equity||11.32%|
|Interest Income||$3.28 million|
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.
|0.30%||$1k||-||IRA Savings Account|
|0.30%||$2,500||-||Money Market Checking|
|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|
|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|
|TEXAR Federal Credit Union Locations|
|Branch Office||4437 JEFFERSON AVE||TEXARKANA, AR 71854|
|Branch Office||3525 Stoneledge Dr||TEXARKANA, TX 75503|
|Branch Office||1020 W FRONT ST||DE KALB, TX 75559|
|Branch Office||103 WILDER DR||HOOKS, TX 75561-5072|
|Branch Office||103 W ALLDAY ST||ATLANTA, TX 75551-2201|
|Branch Office||2301 RICHMOND RD||TEXARKANA, TX 75503|
|Branch Office||507 JAMES BOWIE DR||NEW BOSTON, TX 75570-2321|