UNIFY Financial Credit Union is headquartered in Allen and is the 10th largest credit union in the state of Texas. It is also the 128th largest credit union in the nation. It was established in 1963 and as of December of 2024, it had grown to 467 employees and 249,267 members at 47 locations. UNIFY Financial Credit Union's CD rates are 4X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in UNIFY Financial Credit Union is open to anyone with membership in the Friends of Hobbs.
See current membership details
Good Experience With This Credit Union
I've been a customer of this credit union for the last 3 years now. I use them for CD's. They got me hooked with their open CD initially, but that special CD is gone now so have regular CD's(certificates) since then. I've had nothing but excellent service both in person and by phone with this bank!
Complete Frauds In Banking
I got a statement in the mail from Unify FCU about an "inactive account fee", which I found interesting because I have NEVER heard of or used Unify FCU before in my life. I called them to get the account closed so I didn't keep getting charged an inactive account fee. Both the initial representative and the supervisor told me they were unable to close the account unless I wrote a written letter to them in the mail requesting cancellation with a bunch of information I didn't have access to (you know, because I never opened an account in the first place). I am going to keep getting charged a $5 inactive account fee until I figure out how to close an account I never opened and can't access online in any way. BEWARE OF USING THEM!
The Absolute Worst Banking Experience Ever
I highly recommend against this credit union, they have wasted weeks of my time, asked for all kinds of personal information, only for me to be told that they cannot open my account. They blame their lack of competence on another institution. I want my money back and will never do business with these idiots again.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15732 |
| Year Chartered | 1963 |
| Employees | 467 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 4.69% |
| Annual Interest Income | $170MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $3.54B$3.81B |
| Loans | Q4 2024vs Q4 2023 | $2.89B$3.3B |
| Deposits | Q4 2024vs Q4 2023 | $3.06B$3.23B |
| Equity Capital | Q4 2024vs Q4 2023 | $238.2MM$221.5MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $110.4MM$140.2MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $41.8MM$59.8MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
