Dec, 31, 2023 — COMMUNITY SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in HUNTSVILLE, TX with 2 branch locations and about $141.90 million in total assets. Opened 70 years ago in 1954, COMMUNITY SERVICE CREDIT UNION has about 10,877 members and employs 33 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 SERVICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 FM 2821 Rd W HUNTSVILLE, TX 77320-8422 |
| Phone: | (936) 295-3980 |
| Fax: | |
| Website: | https://www.cscutx.com |
| Branches: | 2 branch locations |
| Members: | 10,877 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67974 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $141,903,919 |
| CEO/Manager: | Brenda Hooker |
| Chairperson: | Doyle W Scott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,926,464 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,288,663 |
| Unsecured Loans | 12,794,206 |
| Other Loans | 83,719,465 |
| TOTAL LOANS | 105,316,070 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -641,168 |
| Land And Building | 3,354,552 |
| Other Fixed Assets | 981,202 |
| NCUSIF Deposit | 1,192,156 |
| All Other Assets | 58,000 |
| TOTAL ASSETS | 141,903,919 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,055 |
| Notes & Interest Payable | 1,000,000 |
| Accounts Payable & Other Liabilities | 2,702,395 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,354,342 |
| Regular shares | 43,391,212 |
| All Other Shares & Deposits | 45,780,474 |
| TOTAL SHARES & DEPOSITS | 124,526,028 |
| TOTAL LIABILITIES | 128,260,478 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 13,643,441 |
| TOTAL EQUITY | 13,643,441 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,903,919 |
| INCOME & EXPENSE | |
| Loan Income | 6,622,396 |
| Investment Income | 596,530 |
| Other Income | 1,426,817 |
| Total Employee Compensation & Benefits | 2,934,689 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,795,270 |
| Non-operating Income & (Expense) | -26,754 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 726,681 |
| Cost of Funds | 1,708,649 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 156,335 |
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