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Texas Farm Bureau Credit Union

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

With around $6,720,000 in assets, Texas Farm Bureau Credit Union is considered to be a small credit union.

About
Address Po Box 2689
Waco, Texas 76702
Website http://www.tfbfcu.org
Phone (254) 751-2585
Fax (254) 751-2626
CEO Linda Rogers
President of the Board Louann Williams
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
796 members
Membership type: Service – finance, insurance, real estate, trade
Below average number of members
398:1
Credit union member to staff ratio
398 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$6,717,983
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
12.70%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Texas Farm Bureau Credit Union Branch Locations

Texas Farm Bureau Federal Credit Union
7420 Fish Pond Road
Waco, Texas 76710
No ATM
Members
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796 members
Membership type: Service – finance, insurance, real estate, trade
Below average number of members

With 796 members, the Texas Farm Bureau Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 84% of credit unions.

Fees
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$45
Average fee per member
The average fee per member at the Texas Farm Bureau Credit Union is $45, which is comparable to most credit unions. This rate is lower than 53% of all credit unions.
Fees are 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 Texas Farm Bureau Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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398:1
Credit union member to staff ratio
398 per each FTE employee
Compared to 411:1 nationally
Average number of staff
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

Texas Farm Bureau Credit Union has 2 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. Texas Farm Bureau Credit Union has around 398 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$6,717,983
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.
19.5%
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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$6,340
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 83% of credit unions.

Texas Farm Bureau Credit Union holds a total of $3,450,000 in loans and leases, which is about $6,340 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. Texas Farm Bureau Credit Union pays 0.20%.

Loan rates
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12.70%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.77%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.09%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.51%
New car loan rate
Compared to 4.0% nationally
4.40%
Used car loan rate
Compared to 5.2% nationally
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