Dec, 31, 2023 — COMMUNITY RESOURCE CREDIT UNION is a federally insured state chartered credit union headquartered in BAYTOWN, TX with 7 branch locations and about $848.94 million in total assets. Opened 89 years ago in 1935, COMMUNITY RESOURCE CREDIT UNION has about 56,709 members and employs 200 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY RESOURCE CREDIT UNION |
---|---|
Address: (Main Office) | 3110 Rollingcreek Drive BAYTOWN, TX 77521 |
Phone: | (281) 422-3611 |
Fax: | |
Website: | https://www.crcu.org |
Branches: | 7 branch locations |
Members: | 56,709 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68021 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $848,944,025 |
CEO/Manager: | Russell Ballard |
Chairperson: | Randall Sanders |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 63,355,575 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 276,352,761 |
Unsecured Loans | 81,833,143 |
Other Loans | 289,456,244 |
TOTAL LOANS | 654,446,869 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,520,982 |
Land And Building | 29,897,225 |
Other Fixed Assets | 4,231,380 |
NCUSIF Deposit | 6,301,796 |
All Other Assets | 0 |
TOTAL ASSETS | 848,944,025 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 147,755 |
Notes & Interest Payable | 63,500,000 |
Accounts Payable & Other Liabilities | 5,113,459 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 212,945,366 |
Regular shares | 235,448,611 |
All Other Shares & Deposits | 264,169,160 |
TOTAL SHARES & DEPOSITS | 712,563,137 |
TOTAL LIABILITIES | 781,327,311 |
Regular Reserve | 0 |
Other Reserves | -10,582,145 |
Undivided Earnings | 78,198,859 |
TOTAL EQUITY | 67,616,714 |
TOTAL LIABILITIES, SHARES, & EQUITY | 848,944,025 |
INCOME & EXPENSE | |
Loan Income | 32,530,636 |
Investment Income | 3,007,194 |
Other Income | 7,596,475 |
Total Employee Compensation & Benefits | 17,435,824 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 20,446,287 |
Non-operating Income & (Expense) | 1,100,169 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,292,712 |
Cost of Funds | 9,394,672 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,463,155 |
↑ Back to Top |