Overview / Commentary
Borger Federal Credit Union is headquartered in Borger and is the 268th largest credit union in the state of Texas. It is also the 3,460th largest credit union in the nation. It was established in 1950 and as of March of 2021, it had grown to 7 employees and 2,142 members at 1 location. Borger Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Hutchinson, Carson or Gray County.
See current membership details
Health
B+
Data as of Q1 2021
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. Borger Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6625 |
| Year Chartered | 1950 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.36% |
| Return on Equity - YTD | -3.03% |
| Annual Interest Income | $146.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $19.8MM$17.3MM |
| Loans | Q1 2021vs Q1 2020 | $9.5MM$10.0MM |
| Deposits | Q1 2021vs Q1 2020 | $17.4MM$15.0MM |
| Equity Capital | Q1 2021vs Q1 2020 | $2.2MM$2.2MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $31.00K$31.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $54.00K$79.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |