Overview / Commentary
Wellspring Credit Union is headquartered in Bridge City and is the 162nd largest credit union in the state of Texas. It is also the 2,016th largest credit union in the nation. It was established in 1958 and as of December of 2024, it had grown to 29 employees and 8,270 members at 4 locations. Wellspring Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Wellspring Credit Union is open to those who live, work, worship, or attend school in the Texas counties of Hardin, Jefferson, Newton, or Orange. Immediate family members of current Wellspring Credit Union members are also eligible to join.
See current membership details
Related Posts
View all posts from:
Health
B
Data as of Q4 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. Wellspring Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12181 |
| Year Chartered | 1958 |
| Employees | 29 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 9.11% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $80.4MM$81.2MM |
| Loans | Q4 2024vs Q4 2023 | $67.5MM$67.9MM |
| Deposits | Q4 2024vs Q4 2023 | $71.6MM$72.8MM |
| Equity Capital | Q4 2024vs Q4 2023 | $7.7MM$7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $387K$369K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $759K$881K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |