Local 24 Employees
Local 24 Employees is a credit union based in Pasadena, Texas, established in 1961, with $14 million in total assets serving 1,168 members. By Trust Grade it ranks 34th of 379 credit unions we track in Texas. Its net worth ratio of 20.2% is stronger than 79% of similarly sized credit unions, versus a Texas median of 13.5%. It was profitable over the most recent period, with a 1.44% return on assets. No consumer complaints against Local 24 Employees appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Local 24 Employees compares to Texas peers
How we graded Local 24 Employees
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (20.2% capital ratio)
- Strongly profitable (ROA 1.44%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Local 24 Employees over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Local 24 Employees insured?
Yes. Local 24 Employees is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Local 24 Employees: frequently asked questions
Is Local 24 Employees a good credit union?
Local 24 Employees earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (20.2% capital ratio); Strongly profitable (ROA 1.44%).
Is Local 24 Employees NCUA-insured?
Yes. Local 24 Employees is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Local 24 Employees?
Local 24 Employees holds $14 million in total assets, ranking 34th of 379 credit unions we track in Texas. It serves 1,168 members.
Does Local 24 Employees have CFPB complaints?
No CFPB complaints against Local 24 Employees appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
