Overview / Commentary
RelyOn Credit Union is headquartered in Kaufman and is the 153rd largest credit union in the state of Texas. It is also the 1,910th largest credit union in the nation. It was established in 1952 and as of September of 2022, it had grown to 33 employees and 8,201 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
Health
B
Data as of Q3 2022
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 | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.88% |
| Return on Equity - YTD | 32.29% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $93.6MM$87.2MM |
| Loans | Q3 2022vs Q3 2021 | $72.7MM$66.7MM |
| Deposits | Q3 2022vs Q3 2021 | $82.2MM$78.4MM |
| Equity Capital | Q3 2022vs Q3 2021 | $8.2MM$6.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $538.00K$438.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.3MM$1.1MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |