Houston Highway Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.35%	1-year CD	12 Month Share Certificate 1.35% - Ally Bank High Yield 12-Month CD
0.05%	Savings	Savings Account 1.05% - Barclays Online Savings Account
1.10%	3-year CD	36 Month Share Certificate 1.60% - Ally Bank High Yield 3 Year CD

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Overview / Commentary

www.houstonhighwaycu.com

713-864-4438

8120 Washington Ave
Houston, TX 77007

Houston Highway Credit Union is headquartered in Houston and is the 166^th largest credit union in the state of Texas. It is also the 2,139^th largest credit union in the nation. It was established in 1952 and as of December of 2016, it had grown to 16 employees and 4,828 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.
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Reviews (2)

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Featured Account Options

Greedy Scumbags

Posted by: boc | May 7, 2016

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.

Comment

2

$3,000.00 Minimum Balance Required To Avoid Monthly Fees. A Big Joke.

Posted by: Josh D | Feb 15, 2016

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.

Comment

1

Health

C-

Data as of Q4 2016

Learn why bank health matters

Additional 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. Houston Highway Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	67627
Year Chartered	1952
Employees	16
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.62%
Return on Equity - YTD	-10.12%
Annual Interest Income	$2.5MM

Assets and Liabilities
Assets	Q4 2016vs Q4 2015	$59.0MM$63.1MM
Loans	Q4 2016vs Q4 2015	$42.7MM$38.1MM
Deposits	Q4 2016vs Q4 2015	$55.3MM$58.6MM
Equity Capital	Q4 2016vs Q4 2015	$3.6MM$4.6MM
Loan Loss Allowance	Q4 2016vs Q4 2015	$220.00K$280.00K
Unbacked Noncurrent Loans	Q4 2016vs Q4 2015	$1.1MM$165.00K
Real Estate Owned	Q4 2016vs Q4 2015	$0$0

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