$136M
total assets, March 31, 1990
Universal Savings Association was a savings and loan in Houston, TX. It failed on Mar 9, 1989, and Channelview Bank took over its deposits. At its last report it held $142.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $142M
- Deposits
- $260M
- Estimated cost
- $290M
- Deposits went to
- Channelview Bank, Channelview, TX
Total assets
$136M
+11.4% in a year · +17.3% in a quarter
Deposits
$245M
-8.3% in a year · -2.4% in a quarter
Loans
$83.0M
+27.7% in a year · -0.7% in a quarter
Profit so far
-$13.7M
Jan 1 to Mar 31, 1990
Capital ratio
-159.80%
-159.80 pts in a year
Return on assets
-43.67%
+36.84 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 10310 E Freeway, Houston, TX, 77029
- County
- Harris
- Established
- Jan 1, 1969
- Failed
- May 24, 1990
- Employees
- 38
- Id
- b31582
Quarter by quarter
March 31, 1984 to March 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Universal Savings Association?
$135.6 million in total assets and $245.0 million in deposits as of March 31, 1990, with assets up 11.4% from a year before. Its loans were $83.0 million.
Is Universal Savings Association profitable?
No: it lost $13.7 million from January 1 to March 31, 1990. Its return on assets was -43.67% a year; about 1% is typical.
When did Universal Savings Association fail?
Mar 9, 1989. Channelview Bank of Channelview, TX took over its deposits. The estimated cost of the failure was $290.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.