Dec, 31, 2023 — BORDER FEDERAL CREDIT UNION is a federal credit union headquartered in DEL RIO, TX with 5 branch locations and about $237.57 million in total assets. Opened 38 years ago in 1986, BORDER FEDERAL CREDIT UNION has about 27,112 members and employs 112 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BORDER FEDERAL CREDIT UNION |
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Address: (Main Office) | 2211 N BEDELL AVE DEL RIO, TX 78840 |
Phone: | (830) 774-2328 |
Fax: | (830) 775-1212 |
Website: | https://www.borderfcu.com |
Branches: | 5 branch locations |
Members: | 27,112 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24304 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1986 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $237,569,734 |
CEO/Manager: | Maria J Martinez |
Chairperson: | Maria B Gutierrez |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,866,494 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 44,767,204 |
Unsecured Loans | 17,788,802 |
Other Loans | 76,126,038 |
TOTAL LOANS | 138,682,043 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,154,528 |
Land And Building | 9,912,573 |
Other Fixed Assets | 1,084,238 |
NCUSIF Deposit | 1,837,700 |
All Other Assets | 62,400 |
TOTAL ASSETS | 237,569,734 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 25,116 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,874,899 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 50,238,751 |
Regular shares | 111,403,762 |
All Other Shares & Deposits | 23,738,421 |
TOTAL SHARES & DEPOSITS | 185,380,933 |
TOTAL LIABILITIES | 200,280,948 |
Regular Reserve | 0 |
Other Reserves | 5,343,131 |
Undivided Earnings | 31,945,655 |
TOTAL EQUITY | 37,288,786 |
TOTAL LIABILITIES, SHARES, & EQUITY | 237,569,734 |
INCOME & EXPENSE | |
Loan Income | 8,052,010 |
Investment Income | 1,649,895 |
Other Income | 5,765,494 |
Total Employee Compensation & Benefits | 7,515,880 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,429,411 |
Non-operating Income & (Expense) | -1,417 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 747,069 |
Cost of Funds | 1,372,540 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,048,428 |
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