Overview / Commentary
Tex Mex Credit Union is headquartered in Laredo and is the 317th largest credit union in the state of Texas. It is also the 3,697th largest credit union in the nation. It was established in 1953 and as of December of 2024, it had grown to 7 employees and 4,048 members at 1 location. Tex Mex Credit Union's CD rates are 3X the national average, but it has a C health rating.
Field of Membership Restrictions
Tex Mex Credit Union is open to all residents of Webb County, Texas.
See current membership details
Health
C
Data as of Q4 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. Tex Mex Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67579 |
| Year Chartered | 1953 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.81% |
| Return on Equity - YTD | -2.94% |
| Annual Interest Income | $649K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $9.5MM$10.4MM |
| Loans | Q4 2024vs Q4 2023 | $5.8MM$6.3MM |
| Deposits | Q4 2024vs Q4 2023 | $6.5MM$7.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $2.6MM$2.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $205K$76K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $397K$120K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |