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

Westex Federal Credit Union is headquartered in Lubbock and is the 157th largest credit union in the state of Texas. It is also the 1,976th largest credit union in the nation. It was established in 1946 and as of June of 2018, it had grown to 15 employees and 6,846 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 - YTD0.3%
Return on Equity - YTD2.87%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$70.3MM$65.7MM
LoansQ2 2018vs Q2 2017$28.7MM$27.6MM
DepositsQ2 2018vs Q2 2017$61.9MM$57.9MM
Equity CapitalQ2 2018vs Q2 2017$7.4MM$7.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$149.00K$129.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$19.00K$81.00K
Real Estate OwnedQ2 2018vs Q2 2017$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

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