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Waco Credit Union Share
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Overview Share
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Waco Credit Union is a federal credit union based in Waco, Texas. It has been opened since 1949, for 73 years.

With around $15,950,000 in assets, Waco Credit Union is considered to be a medium size credit union.

About Share
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Address P.O. Box 646
Waco, Texas 76703
Website http://www.wacofcu.org
Phone (254) 753-0361
Fax (254) 753-0371
CEO Tony W. Head
President of the Board William Terry
Services Offered
Score Card Share
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73 years
Years in business
Opened in 1949
Well Capitalized
Net worth classification
Source: NCUA
2,114 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members
325:1
Credit union member to staff ratio
325 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$15,952,480
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
12.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Waco Credit Union Branch Locations

Waco Credit Union: Main
826 North 3rd Street
Waco, Texas 76707
No ATM
Members Share
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2,114 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members

With 2,114 members, the Waco Credit Union is considered to be a small credit union. It is smaller than 64% of credit unions.

Fees Share
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$84
Average fee per member
The average fee per member at the Waco Credit Union is $84, which is high compared to most credit unions. This rate is higher than 77% 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 Waco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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325:1
Credit union member to staff ratio
325 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
6 staff members
FTE (full-time equivalent)
38% of employees are part-time
5 full-time, 3 part-time

Waco Credit Union has 5 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 62% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Waco Credit Union has around 325 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$15,952,480
Total assets
Below average
Net worth Share
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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.
7.9%
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 Share
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$7,178
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 76% of credit unions.

Waco Credit Union holds a total of $6,420,000 in loans and leases, which is about $7,178 per member on average.

Savings interest rate Share
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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. Waco Credit Union pays 0.15%.

Loan rates Share
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12.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.25%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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7.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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