Dec, 31, 2023 — CHEROKEE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in RUSK, TX with 1 branch location and about $46.73 million in total assets. Opened 64 years ago in 1960, CHEROKEE COUNTY FEDERAL CREDIT UNION has about 4,820 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: | CHEROKEE COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 144 N Henderson St RUSK, TX 75785 |
Phone: | (903) 683-2527 |
Fax: | (903) 683-3499 |
Website: | https://www.cherokeecountyfcu.com |
Branches: | 1 branch locations |
Members: | 4,820 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13591 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,727,398 |
CEO/Manager: | Kim De Leon |
Chairperson: | James Campbell |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,551,740 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,504,590 |
Other Loans | 34,818,227 |
TOTAL LOANS | 36,322,817 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -170,018 |
Land And Building | 1,119,819 |
Other Fixed Assets | 258,921 |
NCUSIF Deposit | 350,252 |
All Other Assets | 0 |
TOTAL ASSETS | 46,727,398 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 78,786 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,611,018 |
Regular shares | 17,246,121 |
All Other Shares & Deposits | 11,195,393 |
TOTAL SHARES & DEPOSITS | 35,052,532 |
TOTAL LIABILITIES | 35,131,318 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 11,596,080 |
TOTAL EQUITY | 11,596,080 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,727,398 |
INCOME & EXPENSE | |
Loan Income | 2,294,260 |
Investment Income | 117,952 |
Other Income | 281,256 |
Total Employee Compensation & Benefits | 812,953 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 908,619 |
Non-operating Income & (Expense) | 272,489 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 366,812 |
Cost of Funds | 404,956 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 494,665 |
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