Energy Capital Credit Union is headquartered in Houston and is the 88th largest credit union in the state of Texas. It is also the 1,079th largest credit union in the nation. It was established in 1935 and as of June of 2023, it had grown to 58 employees and 18,321 members at 3 locations. Energy Capital Credit Union's money market rates are 7X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Energy Capitol Credit Union is open to those who live, work, worship, attend school, or any business entity located in the Texas counties of Brazoria, Fort Bend, Harris, Liberty, Montgomery, or Waller.
See current membership details
Came For The Rates, Stayed For The Service
This is a great CU - the CD specials they have been running are very competitive. But I've also noticed that they provide great service and have a lot of other products available (including retirement planning and insurance).
NEW ACCOUNT FUNDING LIMIT: $ 50,000 (VIA ACH)
The ACH limit for new accounts is $ 50,000 for funding from an EXTERNAL bank account. Understand that their limit for an ACH for an established account holder is $250,000. but NOT on the initial account funding.
If you wish to open a CD-Certificate of Deposit for any amount over $50,000 up to FDIC/NCUA insurance limit of $250,000 individual/ $500,000 joint you should open a share savings account only initially ($5.00 minimum) and DO NOT click on any other financial product(s) for a CD (12 month, 18 month, etc) if your intention is to deposit more than thE $50,000 limit because the system will not allow you to finish the application. You will get caught up in their system as I did. I simply closed the web page and I will start the application another time. The CD minimum is $ 500 with max $50,000 allowed on new application for funding via ACH from your external bank account, hence, the forewarning.
Fake Cds Not What They Claim
Absolutely stay away from their rising rate accounts. They dont rise they only create new rising rate accounts.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61936 |
| Year Chartered | 1935 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.15% |
| Return on Equity - YTD | -1.63% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $263.7MM$268.9MM |
| Loans | Q2 2023vs Q2 2022 | $221.1MM$228.6MM |
| Deposits | Q2 2023vs Q2 2022 | $229.8MM$239.9MM |
| Equity Capital | Q2 2023vs Q2 2022 | $25.4MM$25.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $1.2MM$990.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.3MM$686.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |