Dec, 31, 2023 — BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 2 branch locations and about $58.26 million in total assets. Opened 69 years ago in 1955, BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION has about 4,151 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1110 S BENTON ST BIG SPRING, TX 79720 |
| Phone: | (432) 263-8393 |
| Fax: | (432) 263-4817 |
| Website: | https://www.bstcu.com |
| Branches: | 2 branch locations |
| Members: | 4,151 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10577 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,257,933 |
| CEO/Manager: | Ashley Fowlkes |
| Chairperson: | PAM WALKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,647,706 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,579,719 |
| Other Loans | 19,094,623 |
| TOTAL LOANS | 21,674,342 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -577,241 |
| Land And Building | 787,403 |
| Other Fixed Assets | 22,105 |
| NCUSIF Deposit | 518,010 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,257,933 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,528 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,056 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,557,836 |
| Regular shares | 20,417,303 |
| All Other Shares & Deposits | 16,592,119 |
| TOTAL SHARES & DEPOSITS | 49,567,258 |
| TOTAL LIABILITIES | 49,610,842 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,647,091 |
| TOTAL EQUITY | 8,647,091 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,257,933 |
| INCOME & EXPENSE | |
| Loan Income | 1,345,392 |
| Investment Income | 1,512,862 |
| Other Income | 427,971 |
| Total Employee Compensation & Benefits | 798,626 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,119,937 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 222,866 |
| Cost of Funds | 760,118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 478,361 |
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