WESTEX

Headquarters

901 Avenue Q
Lubbock, TX 79401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.95% →
1-Year CD 0.98% 1.01% →
2-Year CD 1.09% 0.95% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Westex is an NCUA insured institution located in Lubbock, TX. It was founded in 1946 and has approximately $74.37 millions in assets.

NCUA Insured Yes
Charter Number # # 5373
Date Established 1946
Assets $74.37 million
Loans $31.26 million
Deposits $66.14 million
Capital $7.80 million
 

Field of Membership Restrictions

You can join if you live, work or worship in Lubbock County or Hale County in Texas.

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.35% $2,500 $2,999 Learn More
Money Market
0.75% $10,000 $14,999 Learn More
Money Market
0.75% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.68% $10,000 $14,999 Learn More
6 Mo CD
0.88% $100,000 $199,999 Learn More
12 Mo CD
0.78% $10,000 $14,999 Learn More
12 Mo CD
0.98% $100,000 $199,999 Learn More
18 Mo CD
1.04% $100,000 $199,999 Learn More
24 Mo CD
0.78% $10,000 $14,999 Learn More
24 Mo CD
1.09% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for WESTEX

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
First Internet Bank
NMLS ID: 424182
2.566% 2.500% 0.88 $2,170 $988 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.539% 2.500% 0.50 $1,304 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to WESTEX
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Westex 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


Westex Locations


Financial Details

Westex Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Westex. 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
Westex U.S. Average
3.74% 6.71

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 March 30, 2020, Westex had $270,239 in non-current loans and $28,871 in owned assets. To cover these potential losses it had $7,795,657 in net worth and $196,610 in loans loss reserves. That gives it a Texas Ratio of 3.74%.

Net Worth
Westex U.S. Average
10.48% 13.61%

Westex FCU has a net worth of 10.48% versus the BestCashCow average of 13.61. 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 Westex

Branches and Savings

What is Westex?

A federal credit union, registered with the NCUA under certificate #5373.
Learn more about credit unions here.

Is Westex 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 Westex?

Please see Field of Membership information above for information on who is eligible to join.

What are Westex's share account and share certificate rates?

Westex's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Westex?

Westex has total capital of $7.80 million. Full information on Westex's financial position is located above.

Who owns Westex?

Credit Unions are owned by their members.

Where are Westex branches located?

See branch locations nearby.

Are Westex ATMs Open 24/7?

Do Westex ATMs accept cash deposits?

Can Westex customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Westex have a mobile app?

Does Westex have mobile deposit?

Does Westex have quick pay?

How can Westex transfer money to other banks or credit unions?

Does Westex report to credit bureaus?

Does Westex use Chexsystems?

Does Westex use Equifax?

What is Westex's toll free phone number?

What is Westex's ACH Routing Number?

What is Westex's SWIFT code?

Where can I find Westex's wire transfer form?

What is the Westex address for deposits?

What Products Does Westex Offer

Does Westex offer mortgages?

Compare mortgage rates here.

Does Westex offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Westex offer auto and RV loans?

Compare auto loan rates here.

Does Westex offer student loans or personal loans?

Compare personal loan rates here.

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