Overview / Commentary
Hereford Texas Federal Credit Union is headquartered in Hereford and is the 177th largest credit union in the state of Texas. It is also the 2,277th largest credit union in the nation. It was established in 1936 and as of June of 2019, it had grown to 20 employees and 7,887 members at 2 locations. Hereford Texas Federal Credit Union's savings rates are 4X the national average, and it has an A health rating.
Health
A
Data as of Q2 2019
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. Hereford Texas Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1401 |
| Year Chartered | 1936 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 5.45% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $53.4MM$51.0MM |
| Loans | Q2 2019vs Q2 2018 | $34.8MM$34.0MM |
| Deposits | Q2 2019vs Q2 2018 | $40.6MM$38.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $11.6MM$10.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $390.00K$357.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $359.00K$326.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Report an Issue
Always verify rates and promotions with the bank or credit union. We are not Hereford Texas Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Hereford Texas Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.82% | - | - | IRA Account | |
| 1.82% | - | - | Education Savings IRA | |
| 1.82% | - | - | Roth IRA | |
| 1.00% | - | - | Health Savings Account | |
| 0.35% | $25 | - | Share Savings Account |
Hereford Texas Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.82% | $1k | - | 36 Month CD | |
| 1.51% | $1k | - | 30 Month CD | |
| 1.41% | $1k | - | 24 Month CD | |
| 1.31% | $1k | - | 18 Month CD | |
| 1.21% | $1k | - | 12 Month CD | |
| 1.00% | $1k | - | 6 Month CD |
Locations
| Hereford Texas Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 212 W Bedford St | Dimmitt, TX 79027-2506 |
| Branch Office | 330 Schley Ave | Hereford, TX 79045-5539 |