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Big Spring Education Employees Credit Union

Overview
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Big Spring Education Employees Credit Union is a federal credit union based in Big Spring, Texas. It has been opened since 1955, for 65 years.

With around $52,030,000 in assets, Big Spring Education Employees Credit Union is considered to be an average size credit union. It has 2 branches and 1 ATM locations.

About
Address Po Box 1110
Big Spring, Texas 79721
Website http://WWW.BSTCU.COM
Phone (432) 263-8393
Fax (432) 263-4817
CEO Ashley Martin
President of the Board Linda Conway
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
4,408 members
Membership type: Unknown
Average number of members
304:1
Credit union member to staff ratio
304 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$52,026,109
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Big Spring Education Employees Credit Union Branch Locations

Big Spring Education Employees Federal Credit Union
2135 Hickory Street
Colorado City, Texas 79512
No ATM
Big Spring Education Employees Federal Credit Union
1110 S. Benton Street
Big Spring, Texas 79720
ATM Available
Members
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4,408 members
Membership type: Unknown
Average number of members

With 4,408 members, the Big Spring Education Employees Credit Union is considered to be a medium size credit union. It is larger than 54% of credit unions.

Fees
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$83
Average fee per member
The average fee per member at the Big Spring Education Employees Credit Union is $83, which is high compared to most credit unions. This rate is higher than 76% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Big Spring Education Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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304:1
Credit union member to staff ratio
304 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
14 staff members
FTE (full-time equivalent)
7% of employees are part-time
14 full-time, 1 part-time

Big Spring Education Employees Credit Union has 14 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 93% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Big Spring Education Employees Credit Union has around 304 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$52,026,109
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
13.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$9,244
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 42% of credit unions.

Big Spring Education Employees Credit Union holds a total of $18,860,000 in loans and leases, which is about $9,244 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Big Spring Education Employees Credit Union pays 0.15%.

Loan rates
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9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.41%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.97%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.58%
New car loan rate
Compared to 4.0% nationally
6.56%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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8.50%
Other real estate loan rates
Compared to 0.9% nationally
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