Dec, 31, 2023 — CONCHO EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANGELO, TX with 3 branch locations and about $98.56 million in total assets. Opened 83 years ago in 1941, CONCHO EDUCATORS FEDERAL CREDIT UNION has about 6,690 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONCHO EDUCATORS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 3215 Loop 306 SAN ANGELO, TX 76904 |
Phone: | (325) 944-4551 |
Fax: | (325) 944-4809 |
Website: | https://www.conchoeducators.org |
Branches: | 3 branch locations |
Members: | 6,690 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4684 |
---|---|
Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $98,555,081 |
CEO/Manager: | Jerry Merrill |
Chairperson: | Cheryl McGaughey |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 6,759,980 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,364,330 |
Unsecured Loans | 14,125,743 |
Other Loans | 29,025,919 |
TOTAL LOANS | 58,515,992 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,220 |
Land And Building | 1,509,107 |
Other Fixed Assets | 377,220 |
NCUSIF Deposit | 897,493 |
All Other Assets | 0 |
TOTAL ASSETS | 98,555,081 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,268,108 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,940,040 |
Regular shares | 40,481,396 |
All Other Shares & Deposits | 30,629,468 |
TOTAL SHARES & DEPOSITS | 91,050,903 |
TOTAL LIABILITIES | 92,319,011 |
Regular Reserve | 0 |
Other Reserves | -4,549,476 |
Undivided Earnings | 10,785,546 |
TOTAL EQUITY | 6,236,070 |
TOTAL LIABILITIES, SHARES, & EQUITY | 98,555,081 |
INCOME & EXPENSE | |
Loan Income | 2,801,925 |
Investment Income | 725,632 |
Other Income | 410,795 |
Total Employee Compensation & Benefits | 1,734,728 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,596,298 |
Non-operating Income & (Expense) | 112,344 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,868 |
Cost of Funds | 594,545 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 843,693 |
↑ Back to Top |