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EDUCATORS CREDIT UNION

Jun, 30, 2023 — EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in WACO, TX with 8 branch locations and about $542.36 million in total assets. Opened 86 years ago in 1938, EDUCATORS CREDIT UNION has about 28,870 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311989852
Name:EDUCATORS CREDIT UNION
Address:
(Main Office)
501 W STATE Highway 6
WACO, TX 76710-5589
Phone:(254) 776-7900
Fax:(254) 751-5876
Website:https://edcu.com
Branches:8 branch locations
Members:28,870
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67611
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1938
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$542,363,419
CEO/Manager:WILLIAM M PALASOTA
Chairperson:AL POLLARD

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 118,548,969
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 50,481,071
 Unsecured Loans 2,576,081
 Other Loans 136,795,663
 TOTAL LOANS 189,852,815
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -320,709
 Land And Building 4,357,497
 Other Fixed Assets 268,101
 NCUSIF Deposit 4,255,921
 All Other Assets 8,668
  TOTAL ASSETS 542,363,419
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,008,597
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 87,866,691
 Regular shares 210,137,173
 All Other Shares & Deposits 159,977,994
  TOTAL SHARES & DEPOSITS 457,981,858
  TOTAL LIABILITIES 458,990,455
 Regular Reserve 0
 Other Reserves 3,131,545
 Undivided Earnings 80,241,419
  TOTAL EQUITY 83,372,964
  TOTAL LIABILITIES, SHARES, & EQUITY 542,363,419
INCOME & EXPENSE  
 Loan Income 4,376,166
 Investment Income 3,787,033
 Other Income 1,523,567
 Total Employee Compensation & Benefits 3,243,360
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,050,428
 Non-operating Income & (Expense) 230,346
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -67,925
 Cost of Funds 1,058,386
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,632,863
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