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Nascoga Federal Credit Union

Popular Accounts at this Credit Union

1.76%Reward CheckingBonus Checking
0.60%1-year CD12 Month CD
0.30%SavingsSavings Account

Overview / Commentary
1312 Lawrence St
Gainesville, TX 76240

Nascoga Federal Credit Union is headquartered in Gainesville and is the 130th largest credit union in the state of Texas. It is also the 1,686th largest credit union in the nation. It was established in 1956 and as of December of 2016, it had grown to 21 employees and 6,317 members at 3 locations. Nascoga Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Cooke County or Grayson County.
See current membership details

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Membership Requirements

Posted by: Max | Jun 7, 2013

In order to be eligible to receive the benefits of the high interest checking, you must become a member of the credit union. The requirements for joining are:

Work, live, attend school or worship in Cooke County Texas or have a family member who is a member.

Accounts must be opened in person.

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. Nascoga Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #11067
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.25%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$89.9MM$85.2MM
LoansQ4 2016vs Q4 2015$53.1MM$51.4MM
DepositsQ4 2016vs Q4 2015$81.7MM$77.4MM
Equity CapitalQ4 2016vs Q4 2015$7.5MM$7.2MM
Loan Loss AllowanceQ4 2016vs Q4 2015$44.00K$29.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$16.00K$13.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$272.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Nascoga Federal Credit Union Savings Account Rates

1.00%--IRA Share Savings Account
1.00%--Roth IRA Share Savings Account
0.30%*$50k*-Savings Account
OTHER TIERS: 0.20% $100 - $10k | 0.25% $10k - $50k

Nascoga Federal Credit Union Money Market Rates

0.25%*$50k*-Money Market Account
OTHER TIERS: 0.15% $2k - $10k | 0.20% $10k - $50k

Nascoga Federal Credit Union Checking Account Rates

1.76%*$2,500*$30kBonus Checking - Qualifying
OTHER TIERS: 0.08% $30k+
0.10%$100-Business Small Checking
0.10%--Silver Checking (76 only)
0.08%$100-Enhanced Checking

Nascoga Federal Credit Union CD Rates

1.21%$1k-36 Month CD
0.90%$1k-24 Month CD
0.70%$1k-18 Month CD
0.60%$1k-12 Month CD
0.50%$1k-9 Month CD
0.40%$1k-6 Month CD
0.25%$1k-3 Month CD

Nascoga Federal Credit Union IRA Rates

1.21%$1k-36 Month IRA CD
0.90%$1k-24 Month IRA CD
0.70%$1k-18 Month IRA CD
0.60%$1k-12 Month IRA CD
0.50%$1k-9 Month IRA CD
0.40%$1k-6 Month IRA CD
0.25%$1k-3 Month IRA CD

Nascoga Federal Credit Union Locations
Branch Office1312 Lawrence StGainesville, TX 76240
Branch Office418 N Union StWhitesboro, TX 76273
Branch Office100 Kiowa Dr W Apt 104Lake Kiowa, TX 76240-9507