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Overview / Commentary
806-765-5701
901 Avenue Q
Lubbock, TX 79401

Westex Federal Credit Union is headquartered in Lubbock and is the 161st largest credit union in the state of Texas. It is also the 2,061st largest credit union in the nation. It was established in 1946 and as of December of 2016, it had grown to 15 employees and 6,558 members at 3 locations. Westex Federal Credit Union has an A health rating.

Field of Membership Restrictions

You can join if you live, work or worship in Lubbock County or Hale County in Texas.
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. Westex Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #5373
Year Chartered1946
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD-0.24%
Return on Equity - YTD-2.09%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$63.2MM$61.0MM
LoansQ4 2016vs Q4 2015$28.2MM$28.2MM
DepositsQ4 2016vs Q4 2015$55.5MM$53.3MM
Equity CapitalQ4 2016vs Q4 2015$7.1MM$7.2MM
Loan Loss AllowanceQ4 2016vs Q4 2015$295.00K$286.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$104.00K$533.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates

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Locations


Westex Federal Credit Union Locations
Branch Office901 Avenue QLubbock, TX 79401
Branch Office509 Quincy StPlainview, TX 79072
Branch Office7802 Indiana AveLubbock, TX 79423