At Texell, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's economic climate, you want to feel confident about where you place your trust and hard-earned money. That's why we are proud to share our financial strength with you. With a
net worth of $70,751,615, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $938 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$241,498,268 in share certificates and
$59,941,918 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$3,727, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment to innovation is reflected in our
$65,813,315 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With
$9,796 in used auto loans and
$600,476,677 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency shines through with a net income of
$3,741,112, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
208 full-time employees and
2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. The strength of our financial position is further illustrated by our net shares (funds available for lending and investments) at
$787,134, along with a robust membership base reflected in our total share accounts:
103,948. This growth showcases the trust that our community places in Texell, reinforcing our role as your reliable partner in achieving your financial aspirations. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Texell is your trusted partner. Visit us at 5 S 1St St Temple Tx 76501 or call (254) 773-1604 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
