Featured Savings Rates
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Promise Credit Union

Popular Accounts at this Credit Union

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

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

Promise Credit Union is headquartered in Houston and is the 409th largest credit union in the state of Texas. It is also the 4,837th largest credit union in the nation. It was established in 2008 and as of September of 2017, it had grown to 2 employees and 2,404 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)


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

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

NCUA #68592
Year Chartered2008
Primary Regulator
Profit Margin
Return on Assets - YTD-7.29%
Return on Equity - YTD-249.02%
Annual Interest Income$207.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$4.6MM$5.3MM
LoansQ3 2017vs Q3 2016$2.4MM$3.7MM
DepositsQ3 2017vs Q3 2016$3.7MM$4.0MM
Equity CapitalQ3 2017vs Q3 2016$136.00K$227.00K
Secondary CapitalQ3 2017vs Q3 2016$180.00K
Loan Loss AllowanceQ3 2017vs Q3 2016$219.00K$116.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$72.00K$142.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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Promise Credit Union Savings Account Rates

0.15%--Primary Share/Savings Account

Promise Credit Union CD Rates

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

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