The Local Federal Credit Union


Overview / Commentary
214-638-0404
8787 N Stemmons Fwy Ste 185
Dallas, TX 75247

The Local Federal Credit Union is headquartered in Dallas and is the 242nd largest credit union in the state of Texas. It is also the 3,048th largest credit union in the nation. It was established in 1977 and as of March of 2025, it had grown to 12 employees and 4,328 members at 2 locations. The Local Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to members of Teamsters Locals 767, 745, 19, 577, and 263, members and employees of Amalgamated Transit Union 1338, Employees of the law firms; Hicks, Gillespie, James, Rozen, Preston, P.C. and Mullonax, Wells, Babb, Cloutman, P.C., members and employees of American Legion Post 597, Motiva Enterprises LLC, Employees of Texaco Inc. who work in the Dallas area, Shell Oil Company, Superior Fuels & Lubricants, Eason Petroleum, Coastal Transportation Company Inc., Triple A Oil Company, Inc. who work in Dallas, TX, Managed Construction & Maintenance, Inc, L.D. McCloud Transportation, employees of Dupre Transport who work or are supervised from Dallas, TX, North Texas Harley Owners Group, employees of Doskocil Manufacturing Company, employees of Enterprise Car Sales, employees of Reps International.
See current membership details

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Health
Additional 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. The Local Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #22747
Year Chartered1977
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD-0.23%
Return on Equity - YTD-1.08%
Annual Interest Income$503K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$24.9MM$25.3MM
LoansQ1 2025vs Q1 2024$21.3MM$21.9MM
DepositsQ1 2025vs Q1 2024$18.9MM$20.1MM
Equity CapitalQ1 2025vs Q1 2024$5.3MM$5.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$251K$198K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$304K$603K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


The Local Federal Credit Union Locations
Branch Office1408 W Pioneer DrIrving, TX 75061-7114
Branch Office8787 N Stemmons Fwy Ste 185Dallas, TX 75247-3721

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