Overview / Commentary
RelyOn Credit Union is headquartered in Kaufman and is the 171st largest credit union in the state of Texas. It is also the 2,123rd largest credit union in the nation. It was established in 1952 and as of June of 2024, it had grown to 24 employees and 7,950 members at 2 locations. RelyOn Credit Union's CD rates are 5X the national average, but it has a C 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
C
Data as of Q2 2024
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, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68325 |
| Year Chartered | 1952 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -4.58% |
| Return on Equity - YTD | -99.13% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $72.3MM$89.7MM |
| Loans | Q2 2024vs Q2 2023 | $57.7MM$73.4MM |
| Deposits | Q2 2024vs Q2 2023 | $66.4MM$80MM |
| Equity Capital | Q2 2024vs Q2 2023 | $3.4MM$6.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $3.1MM$1.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.2MM$1.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |