Dec, 31, 2023 — COVENANT SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in KILLEEN, TX with 1 branch location and about $4.11 million in total assets. Opened 30 years ago in 1994, COVENANT SAVINGS FEDERAL CREDIT UNION has about 1,283 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COVENANT SAVINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2904 E Stan Schlueter loop Bldg A KILLEEN, TX 76542-4813 |
Phone: | (254) 634-8014 |
Fax: | (254) 634-8018 |
Website: | https://mycsfcu.org |
Branches: | 1 branch locations |
Members: | 1,283 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24532 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1994 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,114,399 |
CEO/Manager: | Harlan M Williams |
Chairperson: | Joe L Walker Sr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 825,350 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 99,925 |
Other Loans | 2,713,597 |
TOTAL LOANS | 2,813,522 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,000 |
Land And Building | 0 |
Other Fixed Assets | 2,673 |
NCUSIF Deposit | 38,351 |
All Other Assets | 0 |
TOTAL ASSETS | 4,114,399 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 623 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 186,133 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,063,297 |
Regular shares | 1,577,869 |
All Other Shares & Deposits | 933,576 |
TOTAL SHARES & DEPOSITS | 3,574,742 |
TOTAL LIABILITIES | 3,761,498 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 352,901 |
TOTAL EQUITY | 352,901 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,114,399 |
INCOME & EXPENSE | |
Loan Income | 120,180 |
Investment Income | 26,630 |
Other Income | 34,173 |
Total Employee Compensation & Benefits | 65,938 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 66,598 |
Non-operating Income & (Expense) | 2,353 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,706 |
Cost of Funds | 2,131 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 44,963 |
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