Overview / Commentary
Borger Federal Credit Union is headquartered in Borger and is the 277th largest credit union in the state of Texas. It is also the 3,445th largest credit union in the nation. It was established in 1950 and as of December of 2022, it had grown to 6 employees and 2,090 members at 1 location. Borger Federal Credit Union's CD rates are 4X the national average, and it 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 Q4 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. Borger Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6625 |
| Year Chartered | 1950 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.51% |
| Return on Equity - YTD | -14.32% |
| Annual Interest Income | $629.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $18.2MM$18.3MM |
| Loans | Q4 2022vs Q4 2021 | $9.9MM$9.7MM |
| Deposits | Q4 2022vs Q4 2021 | $16.1MM$16.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $2.0MM$2.2MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $39.00K$47.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $0$13.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |