Overview / Commentary
Southwest 66 Credit Union is headquartered in Odessa and is the 144th largest credit union in the state of Texas. It is also the 1,845th largest credit union in the nation. It was established in 1949 and as of June of 2021, it had grown to 42 employees and 9,812 members at 3 locations. Southwest 66 Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Southwest 66 Credit Union is open to those who live, work, or worship in the city of Midland, Texas or Ector County, Texas.
See current membership details
Health
A
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. Southwest 66 Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67550 |
| Year Chartered | 1949 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 2.37% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $95.6MM$91.3MM |
| Loans | Q2 2021vs Q2 2020 | $60.4MM$55.7MM |
| Deposits | Q2 2021vs Q2 2020 | $83.1MM$79.7MM |
| Equity Capital | Q2 2021vs Q2 2020 | $10.5MM$10.4MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $479.00K$564.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $589.00K$598.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |