Dec, 31, 2023 — COBURN CREDIT UNION is a federally insured state chartered credit union headquartered in BEAUMONT, TX with 1 branch location and about $6.45 million in total assets. Opened 72 years ago in 1952, COBURN CREDIT UNION has about 929 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COBURN CREDIT UNION |
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Address: (Main Office) | 350 Pine St Ste 850 BEAUMONT, TX 77701-2435 |
Phone: | (409) 838-9957 |
Fax: | (409) 838-1507 |
Website: | https://www.coburncu.com |
Branches: | 1 branch locations |
Members: | 929 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60409 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,445,832 |
CEO/Manager: | Debra Norman |
Chairperson: | Danny St.Pierre |
ASSETS: | $ Amount |
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Cash & Equivalents | 658,180 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 442,130 |
Other Loans | 3,132,029 |
TOTAL LOANS | 3,574,159 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,953 |
Land And Building | 0 |
Other Fixed Assets | 689 |
NCUSIF Deposit | 61,394 |
All Other Assets | 0 |
TOTAL ASSETS | 6,445,832 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 25,871 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,610 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,926,416 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,926,416 |
TOTAL LIABILITIES | 4,959,897 |
Regular Reserve | 0 |
Other Reserves | 95,909 |
Undivided Earnings | 1,390,026 |
TOTAL EQUITY | 1,485,935 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,445,832 |
INCOME & EXPENSE | |
Loan Income | 184,488 |
Investment Income | 77,797 |
Other Income | 6,002 |
Total Employee Compensation & Benefits | 39,198 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 56,031 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,954 |
Cost of Funds | 86,696 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 71,296 |
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