Overview / Commentary
Hereford Texas Federal Credit Union is headquartered in Hereford and is the 178th largest credit union in the state of Texas. It is also the 2,339th largest credit union in the nation. It was established in 1936 and as of December of 2018, it had grown to 21 employees and 7,972 members at 2 locations. Hereford Texas Federal Credit Union's savings rates are 4X the national average, and it has a B health rating.
Health
B
Data as of Q4 2018
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1401 |
| Year Chartered | 1936 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.35% |
| Return on Equity - YTD | 5.95% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $49.1MM$50.3MM |
| Loans | Q4 2018vs Q4 2017 | $33.6MM$34.2MM |
| Deposits | Q4 2018vs Q4 2017 | $37.2MM$38.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $11.3MM$10.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $403.00K$375.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $314.00K$309.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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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 | |
| 0.55% | $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 |