HOUSTON, TX--(Marketwired - Aug 2, 2016) - For the second year in a row, Houston Police Federal Credit Union has earned a place among the healthiest credit unions in America. The financial institution research website, DepositAccounts.com, ranked Houston Police Federal Credit Union 90th out of more than 6,000 federally insured credit unions in the United States. Houston Police Federal Credit Union was one of only 64 credit unions to make the list two years running.
DepositAccounts.com awarded Houston Police Federal Credit Union an A+ rating for each of the following criteria:
- Texas Ratio - How much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2016, Houston Police Federal Credit Union had a Texas Ratio of 2.25% which is excellent.
- Deposit Growth - As of March 31, 2016, Houston Police Federal Credit Union had increased its total deposits by more than $41 million, resulting in 8.27 percent growth for the year, which is considered excellent.
- Capitalization - Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. As of March 31, 2016, Houston Police Federal Credit Union had $631.5 million in assets with more than $86 million in equity, resulting in a capitalization level of 13.66%, which is excellent.
"The entire Houston Police Federal Credit Union team takes its fiduciary responsibility very seriously, and we are proud that DepositAccounts.com has once again recognized us with an A+ rating," said Ayn Talley, President with Houston Police Federal Credit Union. "We very much appreciate each and every one of our 25,000 members and we know they have many choices when it comes to their financial services."
The full list may be found at: https://www.depositaccounts.com/banks/health.aspx#healthiest.
Houston Police Federal Credit Union's one-time membership fee is $0.25 and a minimum deposit can be as little as $5. To learn about membership eligibility, visit https://www.hpfcu.org/join.html.
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About DepositAccounts.com
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers. It covers all 12,200 federally insured banks and credit unions and utilizes its patented technology to track more than 225,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 100,000 comments, customer reviews, and forum threads.
About Houston Police Federal Credit Union
Houston Police Federal Credit Union was established in 1937 as a non-profit organization to serve Houston's Finest - the men and women in the City of Houston law enforcement profession, and their families - with a commitment to the needs of members and prudent management of their financial resources. Today, Houston Police Federal Credit Union is a major financial institution with over $642 million in assets and over 25,000 members. We have 3 convenient office locations along with over 110 free ATMs in Houston and the surrounding areas. Learn more at www.hpfcu.org.
Contact Information:
Contact:
Mitzy Plumb
713.986.0200 x 211
