InvesTex Credit Union is headquartered in Humble and is the 89th largest credit union in the state of Texas. It is also the 1,132nd largest credit union in the nation. It was established in 1952 and as of December of 2022, it had grown to 62 employees and 21,145 members at 6 locations. InvesTex Credit Union has a C+ health rating.
Field of Membership Restrictions
InvesTex Credit Union offers membership to individuals who live or work within a 10-mile radius of any branch locations or the geographic region of the Lone Star College System and eleven school districts in that region. Employees of retail merchants that belong to the Retail Merchants Association of Houston are also eligible for membership.
See current membership details
Good fees and customer service, mobile is meh
In general I would say that I'm happy with my credit union. I've only used Investex and Bank of America as far as banking institutions go and overall Investex has had far better customer service and the difference in fees is HUGE. Investex has practically no fees whereas Bank of America tries to give you as many fees as the can (or at least that's what it feels like.) My only complaint with Investex is that their mobile app is a little less than good, it often rejects checks that I try to mobile-y deposit and that's when I end up depositing them to Bank of America who takes them with no questions asked, almost instantly. Overall though, I try to use Investex for everything and stay away from Bank of America when I can.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67637 |
| Year Chartered | 1952 |
| Employees | 62 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 28.3% |
| Annual Interest Income | $7.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $241.0MM$266.2MM |
| Loans | Q4 2022vs Q4 2021 | $135.3MM$117.7MM |
| Deposits | Q4 2022vs Q4 2021 | $231.6MM$242.5MM |
| Equity Capital | Q4 2022vs Q4 2021 | $7.1MM$21.3MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $1.3MM$1.1MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $661.00K$286.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |