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

M E C O Federal Credit Union is headquartered in HONDO and is the 394th largest credit union in the state of Texas. It is also the 4,731st largest credit union in the nation. It was established in 1960 and as of March of 2017, it had grown to 2 employees and 929 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
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 - YTD0.79%
Return on Equity - YTD4.64%
Annual Interest Income$49.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$5.7MM$5.7MM
LoansQ1 2017vs Q1 2016$2.9MM$3.0MM
DepositsQ1 2017vs Q1 2016$4.7MM$4.8MM
Equity CapitalQ1 2017vs Q1 2016$949.00K$926.00K
Loan Loss AllowanceQ1 2017vs Q1 2016$10.00K$8.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$8.00K$15.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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M E C O Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$25-Savings/Shares

M E C O Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1k-1 Year CD
0.10%$1k-180 Day CD
Locations


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