2021 Overview
General Credit Union Information
Wellspring is an NCUA insured institution located in Bridge City, TX. It was founded in 1958 and has approximately $59.92 millions in assets.
| NCUA Insured | Yes |
| Charter Number # | # 12181 |
| Date Established | 1958 |
| Assets | $59.92 million |
| Loans | $42.38 million |
| Deposits | $53.63 million |
| Capital | $4.94 million |
Field of Membership Restrictions
Deposit Rates - January 24, 2021
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.62% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.62% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.72% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.72% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.82% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.82% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.97% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.97% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.16% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.16% | $100,000 | $199,999 |
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|
Loan Rates - January 24, 2021
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for WELLSPRING
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 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1429243 |
2.480% | 2.375% | 1.00 | $3,500 | $972 | Learn More |
NMLS ID: 3030 |
3.243% | 3.125% | 1.00 | $3,750 | $1,071 | Learn More |
NMLS ID: 1168 |
2.670% | 2.625% | 0.63 | $1,480 | $1,005 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
2.562% | 2.500% | 0.75 | $2,030 | $988 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to WELLSPRING
To upload and update your bank's rates please register.
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Branches
Below are Wellspring 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
Financial Details
Wellspring Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Wellspring. 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
| Wellspring | U.S. Average |
|---|---|
| 9.44% | 4.42 |
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, 2020, Wellspring had $419,299 in non-current loans and $85,831 in owned assets. To cover these potential losses it had $4,942,619 in net worth and $409,364 in loans loss reserves. That gives it a Texas Ratio of 9.44%.
Net Worth
| Wellspring | U.S. Average |
|---|---|
| 8.24% | 12.91% |
Wellspring FCU has a net worth of 8.24% versus the BestCashCow average of 12.91. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Wellspring
Branches and Savings
What is Wellspring?
A credit union, registered with the NCUA under certificate #12181.
Learn more about credit unions here.
Is Wellspring FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Wellspring?
Please see Field of Membership information above for information on who is eligible to join.
How big is Wellspring?
Wellspring has total capital of $4.94 million. Full information on Wellspring's financial position is located above.
Who owns Wellspring?
Credit Unions are owned by their members.
Where are Wellspring branches located?
See branch locations nearby.
Are Wellspring ATMs Open 24/7?
Do Wellspring ATMs accept cash deposits?
Can Wellspring customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Wellspring have a mobile app?
Does Wellspring have mobile deposit?
Does Wellspring have quick pay?
How can Wellspring transfer money to other banks or credit unions?
Does Wellspring report to credit bureaus?
Does Wellspring use Chexsystems?
Does Wellspring use Equifax?
What is Wellspring's toll free phone number?
What is Wellspring's ACH Routing Number?
What is Wellspring's SWIFT code?
Where can I find Wellspring's wire transfer form?
What is the Wellspring address for deposits?
What Products Does Wellspring Offer
Does Wellspring offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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