Overview / Commentary
Hereford Texas Federal Credit Union is headquartered in Hereford and is the 179th largest credit union in the state of Texas. It is also the 2,313th largest credit union in the nation. It was established in 1936 and as of March of 2019, it had grown to 21 employees and 8,013 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 Q1 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 | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.05% |
| Return on Equity - YTD | 4.64% |
| Annual Interest Income | $622.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $51.3MM$53.0MM |
| Loans | Q1 2019vs Q1 2018 | $33.8MM$33.9MM |
| Deposits | Q1 2019vs Q1 2018 | $38.9MM$39.9MM |
| Equity Capital | Q1 2019vs Q1 2018 | $11.4MM$10.7MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $410.00K$356.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $284.00K$208.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $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 |