First Basin Credit Union is headquartered in Odessa and is the 82nd largest credit union in the state of Texas. It is also the 995th largest credit union in the nation. It was established in 1965 and as of December of 2016, it had grown to 94 employees and 21,387 members at 7 locations. First Basin Credit Union has a B+ health rating.
First Basin Credit Union of Texas is open to the residents, church members, and the people that maintain employment within the Permain Basin area.
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I've been a customer of First Basin Credit Union for almost 20 years. I've never had any problem with my accounts that the staff can not fix. They're always exceptional in their service and willingness to take ownership of issues. This week, I needed copies of some checks that had cleared my account. I tried the online banking system and was unable to pull up copies of two of the checks. I went into my nearest location and asked if there was an issue with the system or if it was just me. The representative logged into my account to see exactly what the problem was, but the checks wouldn't pull up for her either. She got her supervisor to call the main office and inquire to the IT department. Turns out the checks were processed in a different way that prevented an image from being added, so they waived the reprint fees for me and manually printed the copies I needed. Just one example of how the credit union goes above and beyond to solve problems for their customers. Very pleased and will be a lifelong customer!
This credit union has several branches in local area. The branches are open later than what some might consider banker's hours which is definitely a great thing for the busy business man or woman. The credit union really prides themselves on having great customer service and are always very friendly with a greeting when you walk in. When having issues they are resolved to my satisfaction and often they will even wave overdraft fees if you aren't a habitual hot check writer. Their website is well maintained and easy to find exactly what you need. I will say that they do not offer some of the features and products that the big name banks do, so that was a reason that I do not do all my banking solely with the credit union. Overall I would recommend this credit union to anyone looking to open a new account with cheap fees and excellent customer service. They really go above and beyond to make it worth your while.
|Return on Assets - YTD||0.54%|
|Return on Equity - YTD||5.29%|
|Annual Interest Income||$7.7MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$205.7MM$206.2MM|
|Loans||Q4 2016vs Q4 2015||$154.9MM$140.4MM|
|Deposits||Q4 2016vs Q4 2015||$180.3MM$183.1MM|
|Equity Capital||Q4 2016vs Q4 2015||$20.9MM$19.7MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$1.0MM$972.00K|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$490.00K$749.00K|
|Real Estate Owned||Q4 2016vs Q4 2015||$0$0|
Rates for First Basin Credit Union are currently being reviewed.
|First Basin Credit Union Locations|
|Branch Office||2740 N County Rd W||Odessa, TX 79764|
|Branch Office||713 Golder Ave||Odessa, TX 79761-4414|
|Branch Office||1010 E 8th St||Odessa, TX 79761|
|Branch Office||5509 Andrews Hwy||Midland, TX 79706|
|Branch Office||1205 NE 1st St||Andrews, TX 79714|
|Branch Office||4217 N Grandview Ave||Odessa, TX 79762-5843|
|Branch Office||3316 N Midland Dr||Midland, TX 79707|