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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 163rd largest credit union in the state of Texas. It is also the 2,076th largest credit union in the nation. It was established in 1946 and as of March of 2016, it had grown to 15 employees and 6,205 members at 3 locations. Westex Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

You can join if you live, work or worship in Lubbock County or Hale County in Texas.
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Health
B+
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 - YTD0.11%
Return on Equity - YTD0.94%
Annual Interest Income$493.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$62.3MM$62.9MM
LoansQ1 2016vs Q1 2015$28.7MM$26.4MM
DepositsQ1 2016vs Q1 2015$54.4MM$55.0MM
Equity CapitalQ1 2016vs Q1 2015$7.3MM$7.5MM
Loan Loss AllowanceQ1 2016vs Q1 2015$288.00K$110.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$405.00K$71.00K
Real Estate OwnedQ1 2016vs Q1 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