Overview / Commentary
Southwest 66 Credit Union is headquartered in Odessa and is the 141st largest credit union in the state of Texas. It is also the 1,806th largest credit union in the nation. It was established in 1949 and as of June of 2020, it had grown to 43 employees and 10,097 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 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. Southwest 66 Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67550 |
| Year Chartered | 1949 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 5.99% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $91.3MM$85.5MM |
| Loans | Q2 2020vs Q2 2019 | $55.7MM$46.4MM |
| Deposits | Q2 2020vs Q2 2019 | $79.7MM$74.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $10.4MM$9.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $564.00K$346.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $598.00K$546.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |