Houston Highway Credit Union is headquartered in Houston and is the 196th largest credit union in the state of Texas. It is also the 2,519th largest credit union in the nation. It was established in 1952 and as of March of 2022, it had grown to 7 employees and 3,441 members at 1 location. Houston Highway Credit Union has a C health rating.
Field of Membership Restrictions
Houston Highway Credit Union of Texas is open to the residents, church members, and the people that maintain employment within a 10-mile distance of the credit union office, the employees of the credit union affiliated select employee groups, and the family members of current credit union members.
See current membership details
Greedy Scumbags
These greedy scumbags require a $3000 balance which pays close to 0% interest, to avoid fees. An online account like Ally pays 1%, so you would EARN $30 per year with $3000 on deposit at Ally.com. They deserve to go out of business. Who in there right minds would have an account there.
$3,000.00 Minimum Balance Required To Avoid Monthly Fees. A Big Joke.
I had a regular shares account with Houston Highway Credit Union. I previously had more than $4,267 in the deposit account until 2013 when I withdrew $4,254.72. The remaining balance was $12.78. I did not deposit any more money into the account afterwards. At the time, the minimum balance required to avoid a monthly service fee was only $5.00. After this date, I tried to change the settings I had on the online banking profile for notifications since the balance was below $100.00. I was locked out of my online banking profile and I tried calling to get assistance. The issue is that I do not recall the date I called and who I spoke with. I was instructed to use my account number as my Username and the term “Password” to enter as my password for the profile. After multiple attempts and still no access, I decided to leave the account alone. Over the years, I did not attempt to contact the credit union because I believed my balance was still $12.78. However, I was never notified of the change to all accounts with the credit union effective 2015. According to the Schedule of Fees effective January 1, 2015, all deposit accounts required a $3,000.00 balance to avoid a monthly membership fee. I was never notified via mail or email of the change. I was never able to access the monthly statements because my online banking profile problem was never resolved by customer service. I required my monthly statements to be available online only when I opened the account in 2012 because I was under the assumption that I would not have a problem with customer service in the future. Therefore, I did not receive notice when my regular shares account became negative until I went to close my account in 2016. I was told by the account representative that I was required to pay $37.96 for an account that I thought to have $12.78. Despite my refusal to pay, the representative told me the account could not be closed until I paid the negative balance. I was told that if I did not pay, the account would remain open and I would owe more money in the future. I then proceeded to pay the negative balance to prevent more monthly fees to be assessed. Please stay away from this credit union.
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67627 |
| Year Chartered | 1952 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -6.61% |
| Return on Equity - YTD | -145.72% |
| Annual Interest Income | $350.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $50.9MM$53.9MM |
| Loans | Q1 2022vs Q1 2021 | $29.6MM$29.1MM |
| Deposits | Q1 2022vs Q1 2021 | $48.5MM$50.9MM |
| Equity Capital | Q1 2022vs Q1 2021 | $2.3MM$2.9MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $531.00K$157.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $157.00K$115.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$1.4MM |