Overview / Commentary
Texoma Federal Credit Union is headquartered in Fritch and is the 327th largest credit union in the state of Texas. It is also the 3,792nd largest credit union in the nation. It was established in 1941 and as of September of 2024, it had grown to 3 employees and 798 members at 1 location. Texoma Federal Credit Union's CD rates are 5X the national average, and it has a C+ health rating.
Reviews (1)
Membership Requirements
Posted by: Saver4321 | Dec 20, 2024
This credit union limits its membership to relatives of members and those who live, work, or worship in Hutchinson County. We called their customer service and they confirmed this narrow scope of membership.
Health
C+
Data as of Q3 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. Texoma Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4292 |
| Year Chartered | 1941 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.72% |
| Return on Equity - YTD | -2.56% |
| Annual Interest Income | $373K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $8.4MM$8.8MM |
| Loans | Q3 2024vs Q3 2023 | $5.2MM$5.4MM |
| Deposits | Q3 2024vs Q3 2023 | $6MM$6.4MM |
| Equity Capital | Q3 2024vs Q3 2023 | $2.4MM$2.4MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $70K$91K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $52K$168K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |