First Basin Credit Union

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A short history of First Basin CU

Since its inception in 1965 the First Basin Credit Union has been serving its members in the Odessa, Texas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Shem Culpepper, the First Basin CU has grown its membership to over 22,391 with assets of more than $224,742,894. They have a main office and 8 branch offices. Please see the credit unions website or contact them by phone at (432) 333-5600 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Odessa, TX.

General Information For First Basin CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67609
Address 2740 North County Road West 
City Odessa 
State Texas 
Zip-Code 79764
Phone Number (432) 333-5600
Fax Number (432) 333-5659
Email Address:
CEO/President Shem Culpepper
Members 22,391 
Full-Time Employees 97 
Part-Time Employees
Number of Branch Offices
Total Assets 224,742,894 

Compare First Basin Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
West Texas Educators CU Fort Stockton Office 401 W Dickinson Blvd 79735 (432) 336-6291 No 7.60
Southwest 66 CU West Branch 1315 W University Blvd 79768 (432) 363-3072 No 7.74
Odessa Employees CU Odessa Employees' Credit Union 1006 E 7th St 79761 (432) 333-2510 No 8.20
Complex Community CU SOUTH ODESSA 2201 S Grandview Ave 79766 (432) 550-9126 No 8.50
Southwest Heritage CU Wink Office 309 E Hendricks Blvd 79760 (432) 527-3365 No 9.25

First Basin Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First Basin Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.90 2.90 2.90 4.13 4.13
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 133 84 159 117
Rank Among All Texas Credit Unions 50 46 35 42 19

First Basin Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.25 0.30 0.60 0.60
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 95 97 240 211
Rank Among All Texas Credit Unions 31 34 20 81 54
First Basin Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9002,7612,354,123
All Other Unsecured Loans/Lines of Credit 7.9001,9865,316,454
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.9002,20731,069,970
Used Vehicle Loans 2.9003,18749,439,639
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.13066784,227,485
Total Other Real Estate Loans/Lines of Credit 4.1301162,888
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.9004789,974,009
TOTAL LOANS & LEASES 11,287182,544,568

First Basin Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 25836,399,097102,035,100
    b. 15 Years or less 33026,747,524121,665,130
    a. > 15 years 0000
    b. 15 Years or less 7921,080,864137,175,652
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 1162,88800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 66884,390,3733510,875,882


Interest Only & Payment Option 1st Mortgage Loans 136,726,262279,000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First Basin Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes