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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 409th largest credit union in the state of Texas. It is also the 4,909th largest credit union in the nation. It was established in 2008 and as of December of 2016, it had grown to 3 employees and 2,875 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
C+
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.

Health Grade Components

Overall
NCUA #68592
Year Chartered2008
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD4.43%
Return on Equity - YTD50.81%
Annual Interest Income$347.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$4.7MM$4.9MM
LoansQ4 2016vs Q4 2015$3.5MM$3.9MM
DepositsQ4 2016vs Q4 2015$3.5MM$4.2MM
Equity CapitalQ4 2016vs Q4 2015$433.00K$163.00K
Secondary CapitalQ4 2016vs Q4 2015$300.00K
Loan Loss AllowanceQ4 2016vs Q4 2015$144.00K$182.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$135.00K$48.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates

Rates for Promise Credit Union are currently being reviewed.

Locations


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