Introduction to Shell Federal Credit Union

First established in 1937, Shell Federal Credit Union is a credit union based in the state of Texas and also one of the largest credit unions in the country. It is the 18th largest credit union operating in the state of Texas as measured by total assets. The credit union falls under the category: community credit unions, urban or rural (not low-income). Shell Federal Credit Union’s deposits are insured by the National Credit Union Administration (NCUA), which operates very similarly to the Federal Deposit Insurance Corporation, except with a focus on credit unions. The NCUA also regulates and supervises Shell Federal Credit Union’s operations. The company has a total of 11 branches and employs a total of 394 employees.

Discussion of the Credit Union’s Operations

As previously indicated, the credit union currently has total assets of $1,576 million, which makes it larger than 94% of credit unions in the United States. Shell Federal Credit Union also has net loans outstanding to customers of $1,200 million and a deposit base of $1,394 million. The average credit union in Shell Federal Credit Union’s peer set has a loan to deposit ratio of approximately 74%. In comparison, Shell Federal Credit Union has a loan to deposit ratio of 86% which is clearly higher than the peer set. A lower ratio is generally better as it indicates that the lending activities of a credit union are more comfortably covered by its deposit base. Deposits are often the most cost effective source of funding for banks and credit unions. Moving on to the credit union’s loan portfolio, it mainly consists of the following: auto loans make up 50% of the portfolio and there is a total of $602 million outstanding and mortgages and lines of credit comprises 32% of the loan book and there is a total of $387 million outstanding.

Contact and Other Helpful Information

  • Main Office Address: P.O. Box 578, Deer Park, TX 77536
  • Website:
  • Phone: (713) 844-1100
  • Charter Number: 1941
  • Charter Year: 1937
  • Employees: 394
  • Routing Number: 313080636
  • Membership: The credit union has a membership base of 127,313 which is significantly larger than the average credit union operating within the state. Credit unions in Texas each have on average 22,715 members. Over the past three years, the credit union’s total base of members has increased by 29%.

Shell Federal Credit Union: Financial Overview

shell federal credit union-balance-sheet-metrics

The above chart summarizes the trends in key balance sheet items for Shell Federal Credit Union. First off, it is noteworthy that across the board, all four items have increased over the past year. The credit union’s assets have grown by 14.1% while its total loans have increased by 14.9%. In addition, the company’s auto loans have increased by 11.4% while its deposits have grown by 21.0%. The net worth of a credit union provides us with an idea of how the credit union has performed over the years. It is the total value that the credit union has created for its members since inception. Shell Federal Credit Union has a total net worth of $155 million. This implies that the credit union has a net worth per member of $1,215 which is below the national average of $1,606.

Overview of the Credit Union’s Performance Metrics

shell federal credit union-selected-performance-metrics

The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. If we take a look at Shell Federal Credit Union’s return on assets – which is usually a good measure of how efficiently a company is using its assets to produce profits – we see that the credit union is well above the average comparable credit union and also that over the past year ROA has improved substantially given the year over year change of 0.33%. We look at the delinquency rate within a loan portfolio as a way to assess the performance and quality of a credit union’s loan book. A lower delinquency rate indicates a better performing portfolio. Shell Federal Credit Union has a delinquency rate that is approximately inline with its peer group average and when compared with the prior year, we can see that it has improved. Finally, the net worth ratio for the credit union is 9.8% which is approximately inline with its peer group average of 9.8%. This metric has improved on a year over year basis and stood at 9.6% a year ago. Based on the NCUA guidelines, the credit union is considered to be well capitalized.


In conclusion, when we look at all the various factors and data we give Shell Federal Credit Union a 2.9 out of 5.0 rating, which we consider to be above average. Finally, please note that the rating information presented is based on our proprietary scoring system. None of the work presented is intended to be investment advice or advice of any sort and is presented purely for informational purposes.