Hereford Texas Federal Credit Union
330 Schley Ave
Hereford, TX 79045
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2023 Overview
General Credit Union Information
Hereford Texas is an NCUA insured institution located in Hereford, TX. It was founded in 1936 and has approximately $75.31 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 1401 |
| Date Established | 1936 |
| Assets | $75.31 million |
| Loans | $47.32 million |
| Deposits | $58.26 million |
| Capital | $14.72 million |
Field of Membership Restrictions
Deposit Rates - March 26, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.35% | $2,500 | $4,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.15% | $1,000 | - |
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|
| 12 Mo CD
|
0.20% | $1,000 | - |
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|
| 18 Mo CD
|
0.25% | $1,000 | - |
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|
| 24 Mo CD
|
0.30% | $1,000 | - |
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|
| 30 Mo CD
|
0.35% | $1,000 | - |
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|
| 36 Mo CD
|
0.40% | $1,000 | - |
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|
Loan Rates - March 26, 2023
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Hereford Texas
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2023
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1429243 |
5.778% | 5.690% | 1.00 | $2,412 | $1,450 | Learn More |
NMLS ID: 3030 |
6.632% | 6.500% | 0.88 | $3,438 | $1,581 | Learn More |
NMLS ID: 1907 |
6.048% | 5.875% | 0.88 | $4,688 | $1,479 | Learn More |
NMLS ID: Not lender |
Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
6.740 %
|
$0 |
Learn More
More Info |
Note to Hereford Texas
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Branches
Below are Hereford Texas branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Climate Initiatives
HEREFORD TEXAS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Hereford Texas Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Hereford Texas. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Hereford Texas | U.S. Average |
|---|---|
| 9.87% | 4.63 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of September 30, 2022, Hereford Texas had $1,465,088 in non-current loans and $14,775 in owned assets. To cover these potential losses it had $14,718,822 in net worth and $277,008 in loans loss reserves. That gives it a Texas Ratio of 9.87%.
Net Worth
| Hereford Texas | U.S. Average |
|---|---|
| 19.54% | 12.52% |
Hereford Texas FCU has a net worth of 19.54% versus the BestCashCow average of 12.52. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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