Overview / Commentary
RelyOn Credit Union is headquartered in Kaufman and is the 155th largest credit union in the state of Texas. It is also the 1,938th largest credit union in the nation. It was established in 1952 and as of June of 2023, it had grown to 33 employees and 8,344 members at 2 locations. RelyOn Credit Union's CD rates are 4X 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 2023
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 | -0.82% |
| Return on Equity - YTD | -10.94% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $89.7MM$89.5MM |
| Loans | Q2 2023vs Q2 2022 | $73.4MM$72.9MM |
| Deposits | Q2 2023vs Q2 2022 | $80.0MM$78.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $6.7MM$6.4MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$541.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.5MM$1.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |