Overview of Wftfcu

Wftfcu was first established in the year 1937 and is the 141st largest credit union operating in the state of Texas as measured by total assets. It is also larger than 64% of all credit unions in the country. In terms of its lending activities, the credit union primarily focuses on providing auto loans and these loans represent 52% of its outstanding lending. Credit unions are regulated by the National Credit Union Administration (NCUA), which is an independent agency that was created by the U.S. government in 1970. The NCUA also insures customer deposits at credit unions in the country. The company has a total of 1 branch and employs a total of 30 employees.

Discussion of the Credit Union’s Operations

The credit union has total assets of $97 million. It has a deposit base of $85 million which works out to $13,315 of deposits per member compared with the state-wide average of $12,251 and national average of $13,594. Wftfcu also has net loans outstanding of $44 million. The credit union also has a loan to deposit ratio of 51% which is lower than the average credit union of similar size. The loan to deposit ratio is a good way to assess how liquid a bank or credit union’s balance sheet is. Taking a closer look at the credit union’s loan portfolio, we see that auto loans represent 52% of the total and currently stands at $23 million, while there is $8 million of loans outstanding from other real estate loans which represents 17% of the credit union’s loan portfolio.

Contact and Other Helpful Information

  • Main Office Address: Po Box 4516, Wichita Falls, TX 76308
  • Website: http://www.wftfcu.com
  • Phone: (940) 692-7096
  • Charter Number: 2112
  • Charter Year: 1937
  • Employees: 30
  • Routing Number: 311990388
  • Membership: The credit union has a membership base of 6,368 which is significantly smaller 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 0%.

Wftfcu: Financial Overview


As shown in the above chart, Wftfcu’s assets have expanded by 10.0% over the past year, while its auto loans – which is its largest category of lending – have decreased by 1.1% over the past year. Furthermore, the company’s deposits have grown by 14.1% while its total loans have decreased by 2.0%. 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. Wftfcu has a total net worth of $11 million. This implies that the credit union has a net worth per member of $1,796 which is greater than the national average of $1,606.

Overview of the Credit Union’s Performance Metrics


In the above chart we have displayed three statistics that are important in evaluating a credit union’s performance and shown how Wftfcu compares on these metrics, in addition to detailing how the credit union performed on each metric in the prior year. Beginning with Wftfcu’s return on assets (aka ROA), on this statistic the credit union performs above the average comparable credit union. When we look at the year over year trends, we can see that ROA has been relatively stable given the 0.03% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. Moving on to the credit union’s delinquency rate, which tells us how much of a credit union’s loan book is delinquent, the credit union is well above its peer group on this metric and compared with the prior year it has deteriorated. Keep in mind that a higher delinquency rate indicates a lower performing loan book so a declining rate is a favorable trend. Finally, the net worth ratio for the credit union is 11.8% which is well above its peer group average of 10.2%. This metric has declined on a year over year basis and stood at 12.2% a year ago. Based on the NCUA guidelines, the credit union is considered to be well capitalized.


Ultimately, after considering all of the relevant factors we rate Wftfcu 3.4 out of 5.0, which is very good. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.