Texar Federal Credit Union
Headquarters
2301 Richmond Rd
Texarkana, TX 75503
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2024 Overview
General Credit Union Information
Texar is an NCUA insured institution located in Texarkana, TX. It was founded in 1951 and has approximately $467.78 millions in assets.
Who can join?
All residents of the following counties are eligible for membership:
Bowie County
Cass County
Miller County
Most residents of Red River County
Persons meeting any one of the following requirements are also eligible for membership:
All employees, officials and retired employees of public or private schools located in Cass, Bowie, Miller and most of Red River County
Students and their families in all Bowie, Cass, and Miller County schools
Members of school-related organizations such as PTA, PTO, VIPS, and booster clubs located in Cass, Bowie, Miller and most of Red River County
Bowie County Employees
Cass County Employees
City of New Boston
Customers of Bowie-Cass Electric Cooperative
Customers of Bowie County Farm Bureau
Employees of railroads and related companies located in Cass, Bowie, Miller and most of Red River County
Employees of numerous companies having fewer than 300 employees located in Cass, Bowie, Miller and most of Red River County
Family members of existing members located in Cass, Bowie, Miller and most of Red River County
Spouses of persons who died while within the field of membership
Persons who are receiving retirement, pension, or other benefits as a result of prior employment by any business or organization whose employees or members are within this field of membership
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24567 |
| Date Established | 1951 |
| Assets | $467.78 million |
| Loans | $252.62 million |
| Deposits | $320.71 million |
| Capital | $67.90 million |
Field of Membership Restrictions
Membership in TEXAR Federal Credit Union is open to those who live in Bowie, Cass, Little River or Miller Counties and select areas of Red River or Lamar Counties in Texas. Membership is also open to the following: (1) students, employees and retirees of private and public schools in the listed counties; (2) employees of Cass and Bowie Counties and the city of New Boston, Texas; (3) customers of Bowie-Cass Electric Cooperative or Bowie County Farm Bureau; (4) employees of the railroad industry in the listed counties and other area Select Employer Groups.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $100 | - |
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|
|
Money Market
|
0.15% | $2,500 | $24,999 |
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|
|
Money Market
|
0.25% | $25,000 | $49,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.55% | $1,000 | - |
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|
| 12 Mo CD
|
0.90% | $1,000 | - |
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|
| 18 Mo CD
|
1.00% | $1,000 | - |
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|
| 24 Mo CD
|
1.00% | $1,000 | - |
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|
| 36 Mo CD
|
1.10% | $1,000 | - |
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|
| 48 Mo CD
|
1.10% | $1,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $500 | - | Learn More |
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Texar
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 |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.380% | 6.250% | 0.88 | $4,400 | $1,971 | Learn More |
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 |
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 |
Learn More
More Info |
Note to Texar
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Branches
Below are Texar 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
Texar Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 737.00 | A | View Lobby Hours | |
| 739.53 | B | View Lobby Hours | |
| 739.85 | C | View Lobby Hours | |
| 747.81 | D | View Lobby Hours | |
| 752.73 | E | View Lobby Hours | |
| 757.47 | F | View Lobby Hours | |
| 760.44 | G | View Lobby Hours |
Climate Policy and Initiatives
TEXAR 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
Texar Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Texar. 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
| Texar | U.S. Average |
|---|---|
| 3.75% | 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, Texar had $2,429,974 in non-current loans and $131,168 in owned assets. To cover these potential losses it had $67,895,705 in net worth and $440,031 in loans loss reserves. That gives it a Texas Ratio of 3.75%.
Net Worth
| Texar | U.S. Average |
|---|---|
| 14.5% | 13.93% |
Texar FCU has a net worth of 14.5% 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 Texar
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