Borger Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
View health report
CURRENT TOP RATE
1.81% APY
24 Month CD
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.41% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
| 0.45% | Savings | Shares Account |
| 1.81% | 2-year CD | 24 Month Jumbo CD |
Overview / Commentary
Borger Federal Credit Union is headquartered in Borger and is the 279th largest credit union in the state of Texas. It is also the 3,575th largest credit union in the nation. It was established in 1950 and as of June of 2018, it had grown to 8 employees and 2,245 members at 1 location. Borger Federal Credit Union's CD rates are 57% 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 2018
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 | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 0.76% |
| Annual Interest Income | $333.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $17.0MM$17.5MM |
| Loans | Q2 2018vs Q2 2017 | $10.1MM$9.7MM |
| Deposits | Q2 2018vs Q2 2017 | $14.8MM$15.3MM |
| Equity Capital | Q2 2018vs Q2 2017 | $2.1MM$2.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $24.00K$10.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $1,000$1,000 |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
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Borger Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.70% | - | - | IRA | |
| 0.45% | - | - | Shares Account |
Borger Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.55% | $2.5k | - | Super 66 | |
| 0.40% | $1k | - | Share Drafts |
Borger Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.81% | $2.5k | - | 24 Month CD | |
| 1.81% | $100k | - | 24 Month Jumbo CD | |
| 1.61% | $2.5k | - | 18 Month CD | |
| 1.41% | $2.5k | - | 12 Month CD | |
| 1.31% | $2.5k | - | 6 Month CD |
Borger Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.81% | $2.5k | - | 24 Month IRA | |
| 1.81% | $100k | - | 24 Month Jumbo IRA | |
| 1.61% | $2.5k | - | 18 Month IRA | |
| 1.41% | $2.5k | - | 12 Month IRA | |
| 1.31% | $2.5k | - | 6 Month IRA |
Locations
| Borger Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1051 N Florida St | Borger, TX 79007-3703 |