In their first season under head coach Dell Morgan, the Red Raiders compiled a 9–2 record (2–0 against conference opponents), lost to Tulsa in the 1942 Sun Bowl, and outscored opponents by a total of 226 to 36.

The team shut out six opponents, allowed only 3.3 points per game, and ranked second ranked in scoring defense among 119 major college teams during the 1941 season.

Quarterback Tyrus Bain and fullback Charles Dvoracek were selected by the conference coaches as second-team players on the 1941 All-Border Conference football team.

46 (out of 681 teams) in the final rankings under the Litkenhous Difference by Score System for 1941.

[3] Home games were played at Tech Field in Lubbock, Texas.