Texas Tech Federal Credit Union
Texas Tech Federal Credit Union is headquartered in Lubbock and is the 70th largest credit union in the state of Texas. It is also the 834th largest credit union in the nation. It was established in 1959 and as of June of 2024, it had grown to 111 employees and 34,177 members at 5 locations. Texas Tech Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Texas Tech Credit Union is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in an underserved area of Mitchell County or Taylor County, Texas. Faculty and employees of Texas Tech University, the Texas Tech Health Sciences Center, or Lubbock Christian University; or students attending Texas Tech University also qualify. Members and employees of the Texas Tech Alumni Association qualify for membership. Employees of the University Medical Center who work in Lubbock are eligible to join, as are faculty and employees of more than 20 area school districts.
See current membership details
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Leadership Delivers On Customer Service
I have changed my initial, critical review. A member of the leadership team from the credit union reached out and addressed and resolved each of the complaints I had. Thanks to Tyler for prioritizing my concerns and making sure I felt heard and taken care of.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12858 |
| Year Chartered | 1959 |
| Employees | 111 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 3.81% |
| Annual Interest Income | $9.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $410.4MM$384.3MM |
| Loans | Q2 2024vs Q2 2023 | $315.1MM$309.8MM |
| Deposits | Q2 2024vs Q2 2023 | $357.1MM$336.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $43MM$39.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.6MM$1.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.5MM$642K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |