Southwest Heritage Credit Union
Headquarters
Po Box 4898
Odessa, TX 79760
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2024 Overview
General Credit Union Information
Southwest Heritage is an NCUA insured institution located in Odessa, TX. It was founded in 1949 and has approximately $231.89 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60533 |
| Date Established | 1949 |
| Assets | $231.89 million |
| Loans | $164.68 million |
| Deposits | $200.01 million |
| Capital | $29.12 million |
Field of Membership Restrictions
Membership is open to those who live, worship or work in Midland, Andrews, Ector, Crane, Ward or Winkler Counties in Texas.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.15% | $100 | - |
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|
|
Money Market
|
0.50% | $1,500 | $49,999 |
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|
|
Money Market
|
1.00% | $50,000 | $99,999 |
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|
|
Money Market
|
1.26% | $100,000 | $249,999 |
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|
|
Money Market
|
1.76% | $250,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
1.00% | $1,000 | - |
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|
| 12 Mo CD
|
3.30% | $1,000 | - |
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|
| 24 Mo CD
|
3.30% | $1,000 | - |
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|
| 36 Mo CD
|
3.30% | $1,000 | - |
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|
| 60 Mo CD
|
3.51% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
1.00% | $0 | - | Learn More |
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Southwest Heritage
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.984% | 6.875% | 0.88 | $3,545 | $2,103 | Learn More |
NMLS ID: 3030 |
7.200% | 7.125% | 0.75 | $2,400 | $2,156 | Learn More |
NMLS ID: 3029 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
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More Info |
Note to Southwest Heritage
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Branches
Below are Southwest Heritage 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
Southwest Heritage Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1163.69 | A | View Lobby Hours | |
| 1166.82 | B | View Lobby Hours | |
| 1170.13 | C | View Lobby Hours |
Climate Policy and Initiatives
SOUTHWEST HERITAGE 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
Southwest Heritage Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Southwest Heritage. 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
| Southwest Heritage | U.S. Average |
|---|---|
| 11.46% | 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, Southwest Heritage had $2,666,037 in non-current loans and $806,931 in owned assets. To cover these potential losses it had $29,122,506 in net worth and $1,180,151 in loans loss reserves. That gives it a Texas Ratio of 11.46%.
Net Worth
| Southwest Heritage | U.S. Average |
|---|---|
| 12.56% | 13.93% |
Southwest Heritage FCU has a net worth of 12.56% 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 Southwest Heritage
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