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 1,943rd largest credit union in the nation. It was established in 1952 and as of December of 2020, it had grown to 29 employees and 7,163 members at 2 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 Q4 2020
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 | 0.04% |
| Return on Equity - YTD | 0.58% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $83.0MM$66.2MM |
| Loans | Q4 2020vs Q4 2019 | $63.4MM$51.5MM |
| Deposits | Q4 2020vs Q4 2019 | $75.4MM$59.5MM |
| Equity Capital | Q4 2020vs Q4 2019 | $5.9MM$5.9MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $302.00K$293.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $733.00K$234.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |