Reed Credit Union

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A short history of Reed CU

Since its inception in 1935 the Reed Credit Union has been serving its members in the HOUSTON, 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 DOROTHY HYMAN, the Reed CU has grown its membership to over 1,473 with assets of more than $16,333,397. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (713) 673-3333 or email them at REEDCUNION@AOL.COM to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in HOUSTON, TX.

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

Charter Number 67486
Address 10200 EAST FWY #125 
State Texas 
Zip-Code 77029
Phone Number (713) 673-3333
Fax Number (713) 673-2420
Members 1,473 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 16,333,397 

Compare Reed Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Port Of Houston Warehouse CU Port of Houston Warehouse FCU 1717 East Loop N Ste 160 77029 (713) 673-5565 No 1.06
United Community CU Normandy Financial Center 771 Normandy St 77547 (713) 674-5778 No 1.58
Port Of Houston CU Main Office 111 East Loop N 77029 (713) 670-2424 No 1.77
Local 24 Employees CU Local 24 EFCU 7620 Navigation Blvd 77012 (713) 926-8383 No 2.37
Baker Hughes CU Main Office 6830 Navigation Blvd 77252 (713) 923-9559 No 3.03

Reed Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Reed 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 N/A 3.99 3.99 N/A N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 279 202 N/A N/A
Rank Among All Texas Credit Unions N/A 104 71 N/A N/A

Reed Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.10 N/A N/A 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 N/A N/A 259
Rank Among All Texas Credit Unions 31 47 N/A N/A 68
Reed Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 8.0002440,819
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.990551,635,210
Used Vehicle Loans 3.990225,559
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.10016187,974
TOTAL LOANS & LEASES 971,889,562

Reed 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 0000
    b. 15 Years or less 0000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000


Interest Only & Payment Option 1st Mortgage Loans 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

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