2. M E C O Federal Credit Union

M E C O Federal Credit Union


Overview / Commentary
www.mecofcu.com
830-741-7269
2308 18th St
Hondo, TX 78861-1530

M E C O Federal Credit Union is headquartered in HONDO and is the 385th largest credit union in the state of Texas. It is also the 4,508th largest credit union in the nation. It was established in 1960 and as of December of 2018, it had grown to 2 employees and 939 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.
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Health
B

Data as of Q4 2018

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. M E C O Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #13644
Year Chartered1960
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD5.7%
Annual Interest Income$211.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$5.7MM$5.6MM
LoansQ4 2018vs Q4 2017$2.5MM$2.7MM
DepositsQ4 2018vs Q4 2017$4.7MM$4.6MM
Equity CapitalQ4 2018vs Q4 2017$1.0MM$959.00K
Loan Loss AllowanceQ4 2018vs Q4 2017$10.00K$5.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$22.00K$21.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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M E C O Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$25-Savings/Shares

M E C O Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.97%$1k-1 Year CD
0.15%$1k-180 Day CD
Locations


M E C O Federal Credit Union Locations
Branch Office2308 18TH STHONDO, TX 78861-1530

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