Overview / Commentary
Texasgulf Federal Credit Union is headquartered in Wharton and is the 106th largest credit union in the state of Texas. It is also the 1,309th largest credit union in the nation. It was established in 1937 and as of June of 2023, it had grown to 30 employees and 14,333 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 Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2322 |
| Year Chartered | 1937 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 10.04% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $185.8MM$177.4MM |
| Loans | Q2 2023vs Q2 2022 | $115.8MM$108.2MM |
| Deposits | Q2 2023vs Q2 2022 | $163.2MM$157.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $20.7MM$19.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$558.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $292.00K$527.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |