Overview / Commentary
Texasgulf Federal Credit Union is headquartered in Wharton and is the 103rd largest credit union in the state of Texas. It is also the 1,261st largest credit union in the nation. It was established in 1937 and as of September of 2024, it had grown to 30 employees and 14,532 members at 2 locations. Texasgulf Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in TexasGulf Federal Credit Union is open to individuals who live, work, worship, or attend school in the Texas counties of Calhoun, Colorado, DeWitt, Fayette, Gonzales, Jackson, Lavaca, Lee, Matagorda, or Wharton.
See current membership details
Health
A+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2322 |
| Year Chartered | 1937 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 6.3% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $200.9MM$187.9MM |
| Loans | Q3 2024vs Q3 2023 | $120MM$116.3MM |
| Deposits | Q3 2024vs Q3 2023 | $173.7MM$165.4MM |
| Equity Capital | Q3 2024vs Q3 2023 | $25.6MM$20.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $573K$537K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $439K$311K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |