LOCAL 24 EMPLOYEES Credit Union Profile

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LOCAL 24 EMPLOYEES

Charter #14656 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (281) 542-2400

Fax: (281) 542-2403

Founding Date: N/A

Website: http://www.local24efcu.com

Personnel & Operations

President: Sanders, Steven

Manager: Verastegui, Gisela

FT Employees: 4

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: Monday, Tuesday, Thursday & Friday 9:00 a

Credit Union Profile Summary

LOCAL 24 EMPLOYEES is a FCU Credit Union. With a total of 1,144 members [1], this institution manages approximately $13,652,427 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 19.35% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.36% [1].

Financial Snapshot

Total Assets [1]
$13,652,427

Total economic resources.

Total Loans [1]
$4,023,313

Total value of outstanding loans.

Total Deposits [1]
$10,917,000

Total funds deposited by members.

Members [1]
1,144

Number of active members.

Performance Ratios

Net Worth Ratio [1]
19.35%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.59%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
36.85%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 5.32%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -3.36%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 0.79%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

5001 Red Bluff Rd

Pasadena, TX, 77503
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by LOCAL 24 EMPLOYEES (Charter #14656).

Main Office

Local 24 EFCU Main Office

Type: Corporate Office

5001 Red Bluff Rd

Pasadena, TX 77503

Phone: (281) 542-2400

Services: Member Services

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