Overview / Commentary
RelyOn Credit Union is headquartered in Dallas and is the 154th largest credit union in the state of Texas. It is also the 1,931st largest credit union in the nation. It was established in 1952 and as of June of 2021, it had grown to 29 employees and 7,540 members at 3 locations. RelyOn Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in RelyOn Credit Union is open to those who live, work, attend school, or worship in Dallas or Kaufman Counties in Texas.
See current membership details
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Health
B+
Data as of Q2 2021
Learn why bank health mattersAdditional 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. RelyOn Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68325 |
| Year Chartered | 1952 |
| Employees | 29 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 10.56% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $89.2MM$76.4MM |
| Loans | Q2 2021vs Q2 2020 | $64.4MM$57.1MM |
| Deposits | Q2 2021vs Q2 2020 | $80.1MM$69.1MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.2MM$6.0MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $375.00K$319.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $653.00K$781.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |