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 2,284th largest credit union in the nation. It was established in 1936 and as of September of 2019, it had grown to 20 employees and 7,944 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 Q3 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 | 1.43% |
| Return on Equity - YTD | 6.38% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $52.5MM$49.7MM |
| Loans | Q3 2019vs Q3 2018 | $35.5MM$34.4MM |
| Deposits | Q3 2019vs Q3 2018 | $39.9MM$36.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $11.8MM$11.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $361.00K$382.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $462.00K$376.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |