Heart O' Texas Federal Credit Union is headquartered in Waco and is the 194th largest credit union in the state of Texas. It is also the 2,478th largest credit union in the nation. It was established in 1956 and as of December of 2019, it had grown to 23 employees and 4,395 members at 3 locations. Heart O' Texas Federal Credit Union has a C- health rating.
Field of Membership Restrictions
Heart O' Texas Federal Credit Union offers membership to those who worship, work, attend school or live in Bell, Coryell or McLennan. Additionally, all civilian, and military personnel of the United States Government and active reserve units working or living in Bell, Bosque, Coryell, Hill, Limestone or McLennan.
See current membership details
Great local credit union
I started banking here when I obtained my auto loan from them. I liked the customer service I received so I decided to open up a checking account. This isn't my primary bank, however I like to use them when I can so I can support a local business. Their rates are reasonable, and they pay interest on checking accounts unlike the majority of non-credit union financial institutions. The majority of the time I withdraw cash at the drive thru, however they do offer a debit card for added convenience that I use on occasion. My interacts are friendly and usually quick. All in all I enjoy banking here, and I'm happy to be contributing to an organization that benefits its members.
Community financial institution
I have banked with this institution for a few years. I started out getting an auto loan through them since the apr was so low. Then I liked how they treated their customers so I opened up a checking account with them. I like knowing that my contribution to the business' bottom line is also helping me, since as a member I am also an 'owner' of sorts. They fees are really low and I like not having to pay someone to hold my money. I don't like that they are behind technology-wise, and sometimes transactions take some time to reflect on my account. I am good at keeping track of my balance so this doesn't really bother me. I like knowing that they are looking out for me and they know me well enough that they would tell me if something suspicious pops up on my account. I enjoy the hometown feel of the business.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11032 |
| Year Chartered | 1956 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.03% |
| Return on Equity - YTD | 0.34% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $43.3MM$47.7MM |
| Loans | Q4 2019vs Q4 2018 | $29.7MM$29.6MM |
| Deposits | Q4 2019vs Q4 2018 | $38.5MM$43.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.4MM$4.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $91.00K$105.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.0MM$266.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |