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901 Avenue Q
Lubbock, TX 79401

Westex Credit Union is headquartered in Lubbock and is the 163rd largest credit union in the state of Texas. It is also the 2,083rd largest credit union in the nation. It was established in 1946 and as of December of 2013, it had grown to 18 employees and 6,222 members. Westex Credit Union has a B+ health rating.

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Data for Q4 2013

Institution Health

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

Texas Ratio


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 Westex Credit Union had $217,000 in non-current loans and owned real-estate with $6.63 million in equity and loan loss allowances on hand to cover it. This gives Westex Credit Union a Texas Ratio of 3.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Westex Credit Union experienced no significant changes from 1.38% as of December 31, 2012 to 3.27% as of December 31, 2013, resulting in a negative change of 136.36%. This indicates that the balance sheet and financial strength for Westex Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Westex Credit Union has decreased its total deposits by $-298,000, resulting in -0.57% 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 Westex Credit Union has shown is 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. Westex Credit Union has $59.04 million in assets with $6.63 million in equity, resulting in a capitalization level of 11.23%, which is excellent.

Institution Statistics

NCUA #5373
Year Chartered1946
Primary Regulator
Assets and Liabilities
Assets$59.04 million
Loans$25.30 million
Deposits$52.35 million
Equity Capital$6.51 million
Loan Loss Allowance$128,000
Unbacked Noncurrent Loans$217,000
Real Estate Owned$0
Historic Data - December 2012
Assets$59.38 million
Equity Capital$6.29 million
Loan Loss Allowance$136,000
Unbacked Noncurrent Loans$217,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.98%
Return on Assets0.36%
Return on Equity3.26%
Interest Income$2.03 million

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Westex Credit Union Locations
Branch Office901 Avenue QLubbock, TX 79401
Branch Office509 Quincy StPlainview, TX 79072
Branch Office7802 Indiana AveLubbock, TX 79423