INVESTEX – 97112

INVESTEX Financial Reports

Quarter Ended: 2024/12/31

Data Updated on: 2024/10/30

INVESTEX is a NFICU, and supervised by the National Credit Union Administration (NCUA) located in Humble, TX. Established on 1952, the credit union is regulated by the NCUA and has 6 branches.

The bank has 4 employees and holds 235,690,662 in total assets. With a focus on Non-Federal Credit Union customers, the bank has been serving its customers since 1952.

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INVESTEX Institution Profile

Type of Membership Non-Federal Credit Union
Number of Full-Time Employees 60
Date Established 1952
Number of Part-Time Employees 4
Type of Credit Union NFICU
City Humble
Number of Current Members 21356
ZIP Code 77338
State TX
Street Address 8404 FM 1960 Rd W
Official Website http://www.investexcu.org
Peer Group Category 5 – $100,000,000 to less than $500,000,000
President’s Name Catherine Paraschos
CEO Name Keith L Kearney
Join Number 22698
Net Worth Classification Well Capitalized
Institution RSSDID 851695
Number Of Branches 6
Bond Provider CUMIS

Institution Profile Overview

The organization operates under the Membership Type of “Non-Federal Credit Union” and was Chartered on “1952”. It is classified as a NFICU, with Number of Members totaling “21356”. The institution is based in State: “TX”, within the City: “Humble”, and can be found at Street: “8404 FM 1960 Rd W”, ZIP Code: “77338”.

The institution employs “60” Full-time Employees and “4” Part-time Employees, ensuring smooth operations. It belongs to the Peer Group “5 – $100,000,000 to less than $500,000,000”, reflecting its size and scope of activities. The Net Worth Classification places it in the “Well Capitalized” category.

Leadership is guided by PRESIDENT: “Catherine Paraschos” and CEO: “Keith L Kearney”, ensuring strategic direction and oversight. Additional identifiers include a Join Number of “22698” and RSSD Number of “851695”. The organization’s online presence is accessible via its Website: “http://www.investexcu.org”.

INVESTEX Financials

(USD, in thousands)

Total Assets $235,691
Total NonInterest Income $4,029
Total Liabilities $224,645
Total Interest Expense $2,917
Total Shares and Deposits $223,638
Total NonInterest Expense $8,901
Total Equity $26,982
Total Net Worth $26,982
Total Interest Income $8,952
Net Worth Ratio 11.45%
Total amount of Loans and Leases $129,025
Total number of Loans and Leases 11,383

Financial Performance Overview

Gain a comprehensive perspective on INVESTEX’s financial landscape through our “Financials” table. The bank boasts total assets of $235,690,662k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the credit union’s financial structure and stability, with total liabilities standing at $224,644,766k and total equity at $26,982,031k.

Delve into key operational metrics, including total shares and deposits of $223,637,998k, total loans and leases at $129,024,858k, and a meticulous analysis of income and expense components. This detailed financial overview is designed to enhance your understanding of INVESTEX’s performance and competitive positioning within the financial industry.

INVESTEX Additional Financial Information

Net Interest Income 6,035,214.00
Loans Held for Sale 0.00
Net Interest Margin (as a % of Average Assets) 2.56
Other Non‐Performing Assets (as % of Total Assets) 0.00
All Other Assets (Total) 12,543,876.00
Total Cash on Deposit (Amounts Deposited in Financial Institutions) 8,716,072.00
Net Worth Growth -0.41
Total INVESTMENT SECURITIES 74,993,474.00
Share Growth -0.76
TOTAL OTHER INVESTMENTS 913,350.00
Loan Growth -0.76
Total Foreclosed and Repossessed Assets 0.00
Asset Growth -0.43
Total Credit Loss Expense 1,023,200.00
Investment Growth 0.30
NET INCOME (LOSS) 139,634.00
Membership Growth 0.27
Loans‐to‐Assets Ratio 54.74
Return on Average Assets (ROAA) 0.06
Cash & Short‐Term Investments (as % of Assets) 4.43
Net Income (Excluding Extraordinary Items) / Average Assets 0.06
Risk‐Based Capital Ratio N/A
Non‐Interest Expense (as % of Average Assets) 3.77
GAAP Equity (as % of Total Assets) 4.69
Provision for Loan or Credit Losses (as % of Average Assets) 0.43
Loan Loss Ratio 0.73
Total Gain (Loss) on Investments 0.00
Efficiency Ratio 68.57
Regulatory Net Worth Ratio 1,145.00
Adjusted Net Worth Ratio 11.81

Insights into Financial Metrics

Enhance your understanding of INVESTEX‘s financial standing through our Additional Financial Information table. Explore key metrics such as Total Loans and Leases: $129,024,858k and Net Interest Income: $0k to gain valuable insights into the credit union’s core operations and revenue streams.

Delve into the intricacies of Loan Loss Ratio 0.729 to evaluate the credit union’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $4,028,511k and evaluate operational efficiency using metrics like Efficiency Ratio: 68.5697. This nuanced financial overview empowers a comprehensive analysis of INVESTEX‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of INVESTEX?

The asset size of INVESTEX is approximately $235,690,662k, reflecting the credit union’s scale and market presence.

What type of bond does INVESTEX have?

INVESTEX has a bond provided by CUMIS, which ensures certain financial securities to its members.

How many members does INVESTEX currently have?

The credit union currently serves 21356 members, indicating its reach and community impact.

What is the total number of employees at INVESTEX?

There are 64 employees at INVESTEX, including both full-time and part-time staff, supporting its operations and member services.

Where is INVESTEX located and how many branches does it have?

INVESTEX is located in Humble, TX, and operates 6 branches.

What is the net worth ratio of INVESTEX?

The net worth ratio, a key indicator of financial strength, for INVESTEX is 1145%.

What is the total value of loans and deposits at INVESTEX?

The credit union holds $129,024,858k in loans and $223,637,998k in deposits, reflecting its lending and saving activities.

What does INVESTEX’s investment portfolio look like?

The credit union’s investment portfolio includes total investment securities and other investments, showcasing strategic asset allocation.

Who are the leaders of INVESTEX?

Leadership at INVESTEX is provided by President Catherine Paraschos and CEO Keith L Kearney, guiding strategic decisions and operations.