Heart O' Texas Federal Credit Union

Overview / Commentary
7500 Imperial Drive
Waco, TX 76712

Heart O' Texas Federal Credit Union is headquartered in Waco and is the 195th largest credit union in the state of Texas. It is also the 2,519th largest credit union in the nation. It was established in 1956 and as of June of 2021, it had grown to 24 employees and 5,182 members at 3 locations. Heart O' Texas Federal Credit Union has a B 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

Reviews (2)

Great local credit union

Posted by: |

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

Posted by: |

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.

Additional 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. Heart O' Texas Federal Credit Union has a low asset base.

Health Grade Components

NCUA #11032
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.75%
Annual Interest Income$780.00K
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$49.4MM$45.3MM
LoansQ2 2021vs Q2 2020$31.4MM$29.6MM
DepositsQ2 2021vs Q2 2020$44.4MM$40.4MM
Equity CapitalQ2 2021vs Q2 2020$4.5MM$4.5MM
Loan Loss AllowanceQ2 2021vs Q2 2020$104.00K$112.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$315.00K$487.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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Always verify rates and promotions with the bank or credit union. We are not Heart O' Texas Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Heart O' Texas Federal Credit Union Savings Account Rates

0.01%$25-Junior Executive Savings Account

Heart O' Texas Federal Credit Union Money Market Rates

0.05%*$50k*-Safe Asset Management Account
OTHER TIERS: 0.01% Up to $2.5k | 0.02% $2.5k - $20k | 0.03% $20k - $50k

Heart O' Texas Federal Credit Union Checking Account Rates

0.01%$750-HOT Line Checking
0.01%$750-GEM Checking
0.01%$750-Basic Checking

Heart O' Texas Federal Credit Union CD Rates

1.26%$1k-60 Month Share Certificate
1.01%$1k-48 Month Share Certificate
0.86%$1k-36 Month Share Certificate
0.70%$1k-24 Month Share Certificate
0.60%$1k-12 Month Share Certificate
0.40%$1k-6 Month Share Certificate

Heart O' Texas Federal Credit Union Locations
Branch Office7500 Imperial DriveWaco, TX 76712
Branch Office7412 Maehr RdWaco, TX 76705-1647
Branch Office1612 S Fort Hood StKilleen, TX 76542-1672

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