M E C O Federal Credit Union
Overview / Commentary
M E C O Federal Credit Union is headquartered in HONDO and is the 387th largest credit union in the state of Texas. It is also the 4,562nd largest credit union in the nation. It was established in 1960 and as of June of 2018, it had grown to 3 employees and 920 members at 1 location. M E C O Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in MECO Federal Credit Union is open to employees or directors of Medina Electric Cooperative.
See current membership details
Health
B
Data as of Q2 2018
Learn why bank health mattersAdditional 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. M E C O Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13644 |
| Year Chartered | 1960 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 3.28% |
| Annual Interest Income | $104.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $5.7MM$5.6MM |
| Loans | Q2 2018vs Q2 2017 | $2.6MM$2.7MM |
| Deposits | Q2 2018vs Q2 2017 | $4.7MM$4.7MM |
| Equity Capital | Q2 2018vs Q2 2017 | $975.00K$950.00K |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $8.00K$5.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $42.00K$5.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
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M E C O Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $25 | - | Savings/Shares |
M E C O Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.97% | $1k | - | 1 Year CD | |
| 0.15% | $1k | - | 180 Day CD |
Locations
| M E C O Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2308 18TH ST | HONDO, TX 78861-1530 |