La Joya Area Federal Credit Union is headquartered in Palmview and is the 169th largest credit union in the state of Texas. It is also the 2,224th largest credit union in the nation. It was established in 1961 and as of September of 2020, it had grown to 27 employees and 15,527 members at 3 locations. La Joya Area Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Hidalgo County or their immediate family.
See current membership details
Small Town Bank
My wife was working as a teacher at La Joya ISD. When she began her employment, the provided information about the arrangement they had with the local credit union. Because of her employment with the district, it was streamlined so we could have direct deposit to an account with the local credit union. Also, because of her employment, there were many options and incentives we were pre-qualified for. This was nice and made banking seamless. We opened and account and got everything setup. Anytime we visited the bank, the service was excellent. They even joked that were part of the "family". My wife and I both attended school at the district, and that must have added to the quality of service we received. We also have some family that lives in the city, so that really gave it the small town appeal. We recommended the credit union to most people because of the small town style service. The checking features were on par with other banks and they have kept up with technology as well.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 14734 |
| Year Chartered | 1961 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.08% |
| Return on Equity - YTD | 0.9% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $61.9MM$50.8MM |
| Loans | Q3 2020vs Q3 2019 | $33.1MM$35.1MM |
| Deposits | Q3 2020vs Q3 2019 | $55.2MM$44.2MM |
| Equity Capital | Q3 2020vs Q3 2019 | $5.3MM$5.3MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $258.00K$447.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $486.00K$299.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $33.00K$33.00K |