Dec, 31, 2023 — BIVINS FEDERAL CREDIT UNION is a federal credit union headquartered in MASTERSON, TX with 1 branch location and about $4.17 million in total assets. Opened 84 years ago in 1940, BIVINS FEDERAL CREDIT UNION has about 509 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BIVINS FEDERAL CREDIT UNION |
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Address: (Main Office) | 9309 W CIG Rd Ste A MASTERSON, TX 79058-2505 |
Phone: | (806) 541-1845 |
Fax: | (806) 935-4226 |
Website: | https://www.bivinsfcu.com |
Branches: | 1 branch locations |
Members: | 509 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4078 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Oct 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,171,287 |
CEO/Manager: | Kelli R Lanham |
Chairperson: | Mike Ehli |
ASSETS: | $ Amount |
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Cash & Equivalents | 145,021 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 61,277 |
Other Loans | 2,331,346 |
TOTAL LOANS | 2,392,624 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,306 |
Land And Building | 0 |
Other Fixed Assets | 192 |
NCUSIF Deposit | 46,564 |
All Other Assets | 0 |
TOTAL ASSETS | 4,171,287 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,984 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,041 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,386,615 |
All Other Shares & Deposits | 824,193 |
TOTAL SHARES & DEPOSITS | 3,210,807 |
TOTAL LIABILITIES | 3,232,832 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 938,455 |
TOTAL EQUITY | 938,455 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,171,287 |
INCOME & EXPENSE | |
Loan Income | 124,150 |
Investment Income | 52,674 |
Other Income | 8,846 |
Total Employee Compensation & Benefits | 105,487 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 108,203 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,233 |
Cost of Funds | 31,773 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -63,910 |
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