Dec, 31, 2023 — FIVEPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in NEDERLAND, TX with 8 branch locations and about $940.70 million in total assets. Opened 89 years ago in 1935, FIVEPOINT CREDIT UNION has about 53,756 members and employs 214 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIVEPOINT CREDIT UNION |
|---|---|
| Address: (Main Office) | 3700 Skyline Dr NEDERLAND, TX 77627-8303 |
| Phone: | (409) 962-8793 |
| Fax: | (409) 962-5067 |
| Website: | https://www.5pointcu.org |
| Branches: | 8 branch locations |
| Members: | 53,756 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68643 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $940,698,707 |
| CEO/Manager: | Erik Shaw |
| Chairperson: | Glenn Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,409,966 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 259,696,836 |
| Unsecured Loans | 78,807,237 |
| Other Loans | 395,801,450 |
| TOTAL LOANS | 734,305,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,026,249 |
| Land And Building | 24,799,988 |
| Other Fixed Assets | 9,818,825 |
| NCUSIF Deposit | 7,337,511 |
| All Other Assets | 120,000 |
| TOTAL ASSETS | 940,698,707 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 164,601 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 13,011,864 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 141,492,088 |
| Regular shares | 264,133,587 |
| All Other Shares & Deposits | 415,859,144 |
| TOTAL SHARES & DEPOSITS | 821,484,818 |
| TOTAL LIABILITIES | 864,661,283 |
| Regular Reserve | 0 |
| Other Reserves | -12,137,221 |
| Undivided Earnings | 88,174,645 |
| TOTAL EQUITY | 76,037,424 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 940,698,707 |
| INCOME & EXPENSE | |
| Loan Income | 38,784,041 |
| Investment Income | 2,699,265 |
| Other Income | 7,421,539 |
| Total Employee Compensation & Benefits | 19,400,088 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 20,305,835 |
| Non-operating Income & (Expense) | -868,581 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,242,661 |
| Cost of Funds | 12,549,922 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,306,705 |
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