Overview / Commentary
First Watch Credit Union is headquartered in Abilene and is the 141st largest credit union in the state of Texas. It is also the 1,800th largest credit union in the nation. It was established in 1959 and as of June of 2023, it had grown to 26 employees and 9,971 members at 2 locations. First Watch Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in, as well as businesses and other legal entities located in Taylor, Jones, Callahan, Nolan, Runnels, and Eastland Counties, Texas.
See current membership details
Health
A
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13290 |
| Year Chartered | 1959 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.49% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $101.4MM$96.7MM |
| Loans | Q2 2023vs Q2 2022 | $79.1MM$63.8MM |
| Deposits | Q2 2023vs Q2 2022 | $92.1MM$87.1MM |
| Equity Capital | Q2 2023vs Q2 2022 | $9.0MM$9.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$261.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $139.00K$4.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |