Valley Federal Credit Union

Rated star_ratedstar_ratedstar_rated_halfstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 2.5 out of 5

P.O. Box 4700, Brownsville, TX 78523-4700

Website

(956) 546-3108

Data Source: NCUA, December 31, 2016


Valley Federal Credit Union was founded in 1935. Headquartered in Brownsville, Texas, Valley Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Valley Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Valley Federal Credit Union services 10,370 members through its 4 offices and branches and 29 full-time and 8 part-time employees. It has $65,514,004 of total assets and $9,875,208 of net worth. Based on its asset size and net worth ratio, Valley Federal Credit Union is classified as a Well Capitalized medium credit union.

Valley Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Valley Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Valley Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Texas and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Texas
Median of USA
Checking
0.0000
0.0100
0.0000
Savings
0.1500
0.2000
0.1200
Money Market
0.2500
0.2500
0.2500
Certificate Deplit
1.9000
0.6620
0.5800
IRA
0.2500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Texas
National Median Rates
Credit Cards
13.6200
9.9900
9.9900
Unsecured Line of Credits
12.3200
11.2200
10.9500
Short-term Small Amount
n/a
25.2500
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
4.5300
3.6500
3.3300
Used Car Loans
7.8700
4.9950
4.5000
1st Mortgage Real Estates
6.7100
4.5000
4.2500
Other Real Estates
5.2100
5.5600
4.7000

Valley Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Valley Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
No
Share Draft Orders
Yes
No
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
Yes

As a community financial institution, Valley Federal Credit Union actively involves in local communities by prliding services such as financial counseling .

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
No
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Falcon Service Center
600 N Mesquite St
Los Fresnos, TX 78566-3634
Phone:956-233-1379

Harlingen Branch
1613 W Filmore Ave
Harlingen, TX 78550-6270
Phone:956-425-5668

Main Office
PO Box 4700
Brownsville, TX 78523-4700
Phone:956-546-3108

Raymondville Service Center
700 Fm 3168
Raymondville, TX 78580
Phone:956-546-3108

(956) 544-5404

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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