Overview / Commentary
Matagorda County Credit Union is headquartered in Bay City and is the 217th largest credit union in the state of Texas. It is also the 2,782nd largest credit union in the nation. It was established in 1961 and as of December of 2024, it had grown to 6 employees and 2,460 members at 1 location. Matagorda County Credit Union has a B health rating.
Field of Membership Restrictions
Matagorda County Credit Union is open to those who live, work, worship, or attend school in the Texas counties of Brazoria, Matagorda, or Wharton.
See current membership details
Health
B
Data as of Q4 2024
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. Matagorda County Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67545 |
| Year Chartered | 1961 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.89% |
| Return on Equity - YTD | 12.16% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $34.3MM$34.5MM |
| Loans | Q4 2024vs Q4 2023 | $16.2MM$15.6MM |
| Deposits | Q4 2024vs Q4 2023 | $28.8MM$29.6MM |
| Equity Capital | Q4 2024vs Q4 2023 | $5.3MM$4.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $47K$36K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $76K$27K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |