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Naft Credit Union

Overview
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Naft Credit Union is a federal credit union based in Pharr, Texas. It has been opened since 1956, for 64 years.

With around $84,700,000 in assets, Naft Credit Union is considered to be a large credit union. It has 5 branches and 2 ATM locations.

About
Address Po Box 771
Pharr, Texas 78577
Website http://www.naftfcu.coop
Phone (956) 787-2774
Fax (956) 783-4998
CEO George H. Bailey
President of the Board Jose Farias
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
11,324 members
Membership type: Multiple common bond – primary educational
Above average number of members
328:1
Credit union member to staff ratio
328 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$84,699,306
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.11%
Savings interest rate
Compared to 0.3% nationally
11.18%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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5 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Naft Credit Union Branch Locations

Naft Federal Credit Union Memorial Hs
800 S. Alamo Road
Alamo, Texas 78516
No ATM
Naft Federal Credit Union - Psja High School
805 Ridge Road
San Juan, Texas 78589
No ATM
Naft Federal Credit Union Ww
134 E. Van Buren Avenue Suite 102
Harlingen, Texas 78550
No ATM
Naft Federal Credit Union Sro
4301 North Sugar Road
Pharr, Texas 78577
ATM Available
Naft Federal Credit Union - Main Office
901 North Veterans Boulevard
Pharr, Texas 78577
ATM Available
Members
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11,324 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 11,324 members, the Naft Credit Union is considered to be a large credit union. It is larger than 73% of credit unions.

Fees
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$72
Average fee per member
The average fee per member at the Naft Credit Union is $72, which is high compared to most credit unions. This rate is higher than 68% 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 Naft Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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328:1
Credit union member to staff ratio
328 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
34 staff members
FTE (full-time equivalent)
18% of employees are part-time
31 full-time, 7 part-time

Naft Credit Union has 31 full-time staff members and 7 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 82% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Naft Credit Union has around 328 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$84,699,306
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.
15.2%
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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$6,284
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 83% of credit unions.

Naft Credit Union holds a total of $50,390,000 in loans and leases, which is about $6,284 per member on average.

Savings interest rate
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0.11%
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. Naft Credit Union pays 0.11%.

Loan rates
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11.18%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.84%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.97%
New car loan rate
Compared to 4.0% nationally
3.42%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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8.07%
Other real estate loan rates
Compared to 0.9% nationally
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