Overview / Commentary
Borger Federal Credit Union is headquartered in Borger and is the 275th largest credit union in the state of Texas. It is also the 3,510th largest credit union in the nation. It was established in 1950 and as of June of 2019, it had grown to 7 employees and 2,209 members at 1 location. Borger Federal Credit Union's CD rates are 79% higher than 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 Q2 2019
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 | 0.38% |
| Return on Equity - YTD | 3.02% |
| Annual Interest Income | $368.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $17.2MM$17.0MM |
| Loans | Q2 2019vs Q2 2018 | $10.2MM$10.1MM |
| Deposits | Q2 2019vs Q2 2018 | $14.7MM$14.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $2.2MM$2.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $26.00K$24.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $0$1,000 |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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Borger Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.11% | - | - | IRA | |
| 0.55% | $25 | - | Shares Account |
Borger Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.60% | $2.5k | - | Super 66 | |
| 0.35% | $1k | - | Share Drafts |
Borger Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.71% | $100k | - | 24 Month Only CD | |
| 1.66% | $2.5k | - | 18 Month CD | |
| 1.66% | $2.5k | - | 24 Month CD | |
| 1.61% | $2.5k | - | 6 Month CD | |
| 1.61% | $2.5k | - | 12 Month CD |
Locations
| Borger Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1051 N Florida St | Borger, TX 79007-3703 |