Hereford Texas Federal Credit Union

Headquarters

330 Schley Ave
Hereford, TX 79045
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.35% 5.55% →
1-Year CD 0.20% 5.41% →
2-Year CD 0.30% 5.00% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Hereford Texas is an NCUA insured institution located in Hereford, TX. It was founded in 1936 and has approximately $70.97 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 1401
Date Established 1936
Assets $70.97 million
Loans $51.76 million
Deposits $53.92 million
Capital $15.34 million
 

Field of Membership Restrictions

Open to anyone with a connection the the City of Hereford.

Deposit Rates - April 14, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.35% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.15% $1,000 - Learn More
12 Mo CD
0.20% $1,000 - Learn More
18 Mo CD
0.25% $1,000 - Learn More
24 Mo CD
0.30% $1,000 - Learn More
30 Mo CD
0.35% $1,000 - Learn More
36 Mo CD
0.40% $1,000 - Learn More

Loan Rates - April 14, 2024

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 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.652% 6.500% 1.00 $5,085 $2,023 Learn More
Rocket Mortgage
NMLS ID: 3030
7.602% 7.500% 1.00 $3,200 $2,238 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More
MortgageResearch.com
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$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


Hereford Texas Locations



Climate Policy and 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.


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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
13.64% 6.97

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 December 31, 2023, Hereford Texas had $2,100,617 in non-current loans and $39,740 in owned assets. To cover these potential losses it had $15,342,597 in net worth and $344,171 in loans loss reserves. That gives it a Texas Ratio of 13.64%.

Net Worth
Hereford Texas U.S. Average
21.58% 13.62%

Hereford Texas FCU has a net worth of 21.58% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Hereford Texas

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