Overview / Commentary
Texan Sky Federal Credit Union is headquartered in Dumas and is the 177th largest credit union in the state of Texas. It is also the 2,272nd largest credit union in the nation. It was established in 1940 and as of December of 2019, it had grown to 17 employees and 8,097 members at 2 locations. Texan Sky Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Texan Sky Credit Union is open to those who live, work, worship, or attend school in the Texas counties of Live Oak or Moore. Businesses and other legal entities located in Live Oak or Moore Counties also qualify. Employees and retirees of Valero, Ultramar Diamond Shamrock, Midgard, Maxus, and other Select Employer Groups, are also eligible to join.
See current membership details
Health
A
Data as of Q4 2019
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. Texan Sky Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 3938 |
| Year Chartered | 1940 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 4.63% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $53.3MM$48.9MM |
| Loans | Q4 2019vs Q4 2018 | $40.8MM$40.3MM |
| Deposits | Q4 2019vs Q4 2018 | $44.7MM$40.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $7.6MM$7.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $161.00K$178.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $165.00K$134.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |