Featured Savings Rates
Featured Accounts

Promise Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.76%1-year CD12 Month CD
0.15%SavingsPrimary Share/Savings Account
1.76%3-year CD36 Month CD

Overview / Commentary
832-239-8599
6500 Rookin St Building C, Suite C109
Houston, TX 77074-5019

Promise Credit Union is headquartered in Houston and is the 407th largest credit union in the state of Texas. It is also the 4,857th largest credit union in the nation. It was established in 2008 and as of June of 2017, it had grown to 3 employees and 2,475 members at 1 location. Promise Credit Union has a C health rating.

Field of Membership Restrictions

Membership in Promise Credit Union is open to families in the Gulfton/Sharpstown area of Houston, Texas.
See current membership details

Reviews (1)

Communication

Posted by: nia09us | Nov 9, 2012

 

What I dilike about this credit union is, I can never reach anyone. Be it by phone or email, there is no communication by this bank. I feel very uncomfortable giving my money to someone to hold yet I can never find anyone. It's like giving my money to a crackhead, I don't know if it will be there or not. so I'm looking for a new bank



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. Promise Credit Union has a very low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #68592
Year Chartered2008
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-8.88%
Return on Equity - YTD-239.33%
Annual Interest Income$145.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$4.7MM$5.9MM
LoansQ2 2017vs Q2 2016$2.7MM$3.9MM
DepositsQ2 2017vs Q2 2016$3.7MM$4.5MM
Equity CapitalQ2 2017vs Q2 2016$178.00K$281.00K
Secondary CapitalQ2 2017vs Q2 2016$180.00K
Loan Loss AllowanceQ2 2017vs Q2 2016$214.00K$56.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$57.00K$97.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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Promise Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Primary Share/Savings Account

Promise Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$500-36 Month CD
1.12%$500-18 Month CD
1.12%$500-24 Month CD
0.76%$500-12 Month CD
0.52%$500-6 Month CD
Locations


Promise Credit Union Locations
Branch Office6500 Rookin St Building C, Suite C109Houston, TX 77074-5019