Overview / Commentary
Baycel Federal Credit Union is headquartered in Bay City and is the 164th largest credit union in the state of Texas. It is also the 2,078th largest credit union in the nation. It was established in 1963 and as of September of 2022, it had grown to 11 employees and 4,967 members at 2 locations. Baycel Federal Credit Union's CD rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Baycel Federal Credit Union is open to those who work, attend school, worship or live in Matagorda County. Immediate family and household members are also eligible for membership.
See current membership details
Health
A
Data as of Q3 2022
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Baycel Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15563 |
| Year Chartered | 1963 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.05% |
| Return on Equity - YTD | 5.99% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $80.0MM$74.1MM |
| Loans | Q3 2022vs Q3 2021 | $30.5MM$30.9MM |
| Deposits | Q3 2022vs Q3 2021 | $65.6MM$60.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $14.2MM$13.6MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $124.00K$87.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $351.00K$339.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |