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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 2,062nd largest credit union in the nation. It was established in 1946 and as of March of 2017, it had grown to 14 employees and 6,600 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
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.57%
Annual Interest Income$487.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$64.5MM$62.3MM
LoansQ1 2017vs Q1 2016$28.2MM$28.7MM
DepositsQ1 2017vs Q1 2016$56.8MM$54.4MM
Equity CapitalQ1 2017vs Q1 2016$7.2MM$7.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$230.00K$288.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$190.00K$405.00K
Real Estate OwnedQ1 2017vs Q1 2016$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