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Scurry County School Credit Union

Overview
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Scurry County School Credit Union is a federal credit union based in Snyder, Texas. It has been opened since 1955, for 65 years.

With around $8,750,000 in assets, Scurry County School Credit Union is considered to be a medium size credit union.

About
Address 1903 40th Street
Snyder, Texas 79549
Website http://scurrycountyschoolfcu.com
Phone (325) 573-6568
Fax (325) 573-6572
CEO Jackie F. Smith
President of the Board Ralph Ramon Sr.
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
1,297 members
Membership type: Multiple common bond – primary educational
Below average number of members
432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$8,748,321
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Scurry County School Credit Union Branch Locations

Scurry County School Federal Credit Union
1903 40th Street
Snyder, Texas 79549
No ATM
Members
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1,297 members
Membership type: Multiple common bond – primary educational
Below average number of members

With 1,297 members, the Scurry County School Credit Union is considered to be a small credit union. It is smaller than 76% of credit unions.

Fees
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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 Scurry County School Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Scurry County School Credit Union has 3 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Scurry County School Credit Union has around 432 members per staff, a higher ratio compared to other credit unions.

Assets
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$8,748,321
Total assets
Below 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.
22.5%
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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$7,625
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 73% of credit unions.

Scurry County School Credit Union holds a total of $4,270,000 in loans and leases, which is about $7,625 per member on average.

Savings interest rate
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0.20%
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. Scurry County School Credit Union pays 0.20%.

Loan rates
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12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.25%
New car loan rate
Compared to 4.0% nationally
6.25%
Used car loan rate
Compared to 5.2% nationally
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