Lone Star Credit Union is headquartered in Dallas and is the 112th largest credit union in the state of Texas. It is also the 1,389th largest credit union in the nation. It was established in 1967 and as of September of 2024, it had grown to 41 employees and 11,209 members at 4 locations. Lone Star Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Lone Star Credit Union is open to those who live or work in the Texas counties of Delta, Hopkins, Hunt, Kaufman, Rains, or Rockwell, or within a 10-mile radius of the Lone Star Credit Union Dallas branch.
See current membership details
Lone Star Credit Union
I recently opened a 60 month CD @4.55. The process was easy, customer service very accessible.
The membership restrictions are limited, but for those who qualify, this is a good rate during this time of declining rates.
Obtaining A CD Was A Walk In The Park
With Lone Star having a 5 star rating here and a 4 star rating on BAUER this sold me on finding a desirable institution with great CD rates. The folks are great to work with and their process was smooth even though unique with several steps to apply but with responsive replies. Also very secure communications which was comforting.
In reviewing the HEALTH Grades below also provided a deeper assessment. They are quite small but was established in 1967. One concern I had was their levels of consumer loans to business loans. Their agent informed me they don't do business loans at all. They have a nice performance report on their site that is updated frequently and I did find their 2023 Financial report. They do have membership restrictions so review that info.
Lone Star Credit Union Has Great Rates For Cds.
I recently purchased a 5yr CD with a 5.15 APY. Once I got approved to be a member, purchasing the CD was easy. The 1yr CD has an APY of 5.35 and 3yr has an APY of 4.73%.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68449 |
| Year Chartered | 1967 |
| Employees | 41 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 3.87% |
| Annual Interest Income | $6.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $168.9MM$176MM |
| Loans | Q3 2024vs Q3 2023 | $122.4MM$114.7MM |
| Deposits | Q3 2024vs Q3 2023 | $154.4MM$161.5MM |
| Equity Capital | Q3 2024vs Q3 2023 | $14.5MM$12.9MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $837K$639K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $638K$633K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |