Borger Federal Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B
View health report
CURRENT TOP RATE
2.38% APY
24 Month Only CD
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.12% | 1-year CD | |
| 0.55% | Savings | 2.20% - Barclays Online Savings Account |
| 2.32% | 2-year CD | 2.80% - Capital One 24 Month 360 CD |
Overview / Commentary
Borger Federal Credit Union is headquartered in Borger and is the 282nd largest credit union in the state of Texas. It is also the 3,580th largest credit union in the nation. It was established in 1950 and as of December of 2018, it had grown to 8 employees and 2,263 members at 1 location. Borger Federal Credit Union's CD rates are 2X 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 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 | 0.31% |
| Return on Equity - YTD | 2.32% |
| Annual Interest Income | $689.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $16.1MM$16.8MM |
| Loans | Q4 2018vs Q4 2017 | $10.1MM$10.0MM |
| Deposits | Q4 2018vs Q4 2017 | $13.8MM$14.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $2.2MM$2.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $26.00K$22.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $4.00K$3.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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Borger Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.90% | - | - | IRA | |
| 0.55% | $25 | - | Shares Account |
Borger Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | $2.5k | - | Super 66 | |
| 0.40% | $1k | - | Share Drafts |
Borger Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.38% | $100k | - | 24 Month Only CD | |
| 2.32% | $2.5k | - | 24 Month CD | |
| 2.22% | $2.5k | - | 18 Month CD | |
| 2.12% | $2.5k | - | 12 Month CD | |
| 2.02% | $2.5k | - | 6 Month CD |
Locations
| Borger Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1051 N Florida St | Borger, TX 79007-3703 |