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Chemcel Credit Union

Overview
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Chemcel Credit Union is a federal credit union based in Bishop, Texas. It has been opened since 1951, for 69 years.

With around $111,790,000 in assets, Chemcel Credit Union is considered to be a large credit union. It has 7 branches and 6 ATM locations.

About
Address 5740 County Road 4
Bishop, Texas 78343
Website http://www.chemcel.org
Phone (361) 584-6246
Fax (361) 584-6155
CEO Michael Engel
President of the Board Brian Hokkanen
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
9,080 members
Membership type: Multiple common bond – primary chemical
Above average number of members
245:1
Credit union member to staff ratio
245 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$111,792,461
Total assets
Above average
7 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
11.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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7 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Chemcel Credit Union Branch Locations

Chemcel Credit Union: Alice Office
2740 East Main Street
Alice, Texas 78332
ATM Available
Chemcel Credit Union: Bishop Office
5740 County Road 4
Bishop, Texas 78343
ATM Available
Chemcel Credit Union: Pasadena Office
9502 Bayport Boulevard
Pasadena, Texas 77507
ATM Available
Chemcel Credit Union: Corpus Christi Office
7001 Saratoga Boulevard
Corpus Christi, Texas 78414
ATM Available
Chemcel Credit Union: Kingsville Office
1901 S. US Highway 77 Byp
Kingsville, Texas 78363
ATM Available
Chemcel Credit Union: Dallas Office
225 E. John Carpenter Fwy Suite 1200
Irving, Texas 75062
ATM Available
Chemcel Credit Union: Bay City Office
2400 Fm 3057
Bay City, Texas 77414
No ATM
Members
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9,080 members
Membership type: Multiple common bond – primary chemical
Above average number of members

With 9,080 members, the Chemcel Credit Union is considered to be a large credit union. It is larger than 69% of credit unions.

Fees
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$204
Average fee per member
The average fee per member at the Chemcel Credit Union is $204, which is very high compared to most credit unions. This rate is higher than 99% 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 Chemcel Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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245:1
Credit union member to staff ratio
245 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
37 staff members
FTE (full-time equivalent)
5% of employees are part-time
36 full-time, 2 part-time

Chemcel Credit Union has 36 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Chemcel Credit Union has around 245 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$111,792,461
Total assets
Above average
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.
11.8%
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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$11,943
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 64% of credit unions.

Chemcel Credit Union holds a total of $84,740,000 in loans and leases, which is about $11,943 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. Chemcel Credit Union pays 0.15%.

Loan rates
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11.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.49%
New car loan rate
Compared to 4.0% nationally
2.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.94%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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