Overview / Commentary
Ward County Credit Union is headquartered in Monahans and is the 283rd largest credit union in the state of Texas. It is also the 3,545th largest credit union in the nation. It was established in 1957 and as of June of 2021, it had grown to 4 employees and 1,376 members at 1 location. Ward County Credit Union's savings rates are 2X the national average, and it has a C+ health rating.
Field of Membership Restrictions
Ward County Credit Union is open to those who live, work, attend school or worship in Brewster, Jeff Davis, Crane, or Pecos Counties in Texas.
See current membership details
Health
C+
Data as of Q2 2021
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. Ward County Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67571 |
| Year Chartered | 1957 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.13% |
| Return on Equity - YTD | 1.56% |
| Annual Interest Income | $199.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $17.8MM$18.9MM |
| Loans | Q2 2021vs Q2 2020 | $4.3MM$4.4MM |
| Deposits | Q2 2021vs Q2 2020 | $16.2MM$17.3MM |
| Equity Capital | Q2 2021vs Q2 2020 | $1.5MM$1.5MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $39.00K$21.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $91.00K$101.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |