Credit union · NCUA insured
BP Federal Credit Union
A $130.5M credit union headquartered in Houston, TX, with 6,441 members and 5 branches in Texas. Best rates: CDs 3.56% and savings 1.21% APY.
BP Federal Credit Union Carrot Score
80
Carrot Score
Higher than 52% of U.S. banks and credit unions
#63 of 107 in Houston, TX metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About BP Federal Credit Union
Founded in 1937, BP Federal Credit Union is a not-for-profit financial cooperative serving BP employees and their contractors worldwide.
The credit union has its main location on Memorial Drive in Houston, Texas, and two branches on BP's West Houston campus.
- Headquarters
- 13501 Katy Fwy Ste 1150, Houston, TX 77079-1319
- NCUA charter
- 24445
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Full-time, part-time, temporary or casual employees, retirees, or annuitants of BP are eligible for membership.
- Contractors for BP are eligible for membership.
- Employees of listed participating companies and select groups are eligible for membership.
Family and household
- Domestic partners and family members (spouse, parents, grandparents, children [natural, adopted, or foster], siblings, grandchildren, and spouses of such members) of members are eligible for membership.
Branches
5 branches in Texas
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Texas
5 branches
Houston area · 4
- Republic SquareMain office13501 Katy Fwy Ste 1150, Houston, TX 77079Directions
- Helios Branch201 Helios Way, Suite 1.405, Houston, TX 77079Directions
- Memorial Plaza Branch15455 Memorial Dr Ste 200, Houston, TX 77079Directions
- Westlake I Branch501 Westlake Park Blvd, Room 1.200, Houston, TX 77079Directions
Dallas area · 1
- CO-OP Shared Branching6801 Parkwood Blvd, Ste 300, Plano, TX 75024Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.98% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.81% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.26% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $100 | $76 | — |
- CapitalNet worth ratio13.98%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.81%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.26%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$100Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of BP Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.