Rocket Federal Credit Union

Headquarters

Po Box 235
Mcgregor, TX 76657
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 5.50% →
1-Year CD 0.80% 4.80% →
2-Year CD 1.01% 4.25% →
5-Year CD N.A. 4.00% →
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

Rocket is an NCUA insured institution located in Mcgregor, TX. It was founded in 1954 and has approximately $31.29 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 9799
Date Established 1954
Assets $31.29 million
Loans $23.52 million
Deposits $26.75 million
Capital $3.54 million
 

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.90% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
1.01% $100,000 $199,999 Learn More

Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Rocket

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Sebonic
NMLS ID: 66247
6.576% 6.500% 0.75 $2,544 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.953% 6.875% 0.63 $2,534 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Ohio 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
Intro APR
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

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

Branches

Below are Rocket 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:
Columbus,Ohio


Rocket Locations around zip code 43085


BranchDistance Map View Lobby Hours

Rocket Federal Credit Union

964.55 A View Lobby Hours


Climate Policy and Initiatives

ROCKET 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

Rocket Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Rocket. 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
Rocket U.S. Average
17.15% 5.83

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 June 30, 2024, Rocket had $581,938 in non-current loans and $50,511 in owned assets. To cover these potential losses it had $3,540,184 in net worth and $147,077 in loans loss reserves. That gives it a Texas Ratio of 17.15%.

Net Worth
Rocket U.S. Average
11.31% 13.93%

Rocket FCU has a net worth of 11.31% versus the BestCashCow average of 13.93. 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 Rocket

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