Overview / Commentary
Raiz Federal Credit Union is headquartered in El Paso and is the 35th largest credit union in the state of Texas. It is also the 449th largest credit union in the nation. It was established in 1936 and as of June of 2024, it had grown to 226 employees and 75,295 members at 10 locations. Raiz Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Raiz Federal Credit Union is open to anyone who live, work or worship in El Paso County, Texas. (Membership requirement details are posted in the credit union's online application)
See current membership details
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1409 |
| Year Chartered | 1936 |
| Employees | 226 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 3.23% |
| Annual Interest Income | $27.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $998.2MM$1.02B |
| Loans | Q2 2024vs Q2 2023 | $827.5MM$858.5MM |
| Deposits | Q2 2024vs Q2 2023 | $847.5MM$857.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $105MM$112.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $17.1MM$6.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $8MM$6.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |