Dec, 31, 2023 — FANNIN FEDERAL CREDIT UNION is a federal credit union headquartered in BONHAM, TX with 1 branch location and about $69.91 million in total assets. Opened 58 years ago in 1966, FANNIN FEDERAL CREDIT UNION has about 6,754 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FANNIN FEDERAL CREDIT UNION |
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Address: (Main Office) | 1737 N STATE HIGHWAY 121 BONHAM, TX 75418 |
Phone: | (903) 583-8131 |
Fax: | |
Website: | https://www.fannincu.com |
Branches: | 1 branch locations |
Members: | 6,754 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17254 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $69,905,902 |
CEO/Manager: | Eric D Weeks |
Chairperson: | WESLEY F ROBERTS |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,355,947 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,635,630 |
Other Loans | 39,285,888 |
TOTAL LOANS | 41,921,518 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -209,512 |
Land And Building | 1,274,920 |
Other Fixed Assets | 79,857 |
NCUSIF Deposit | 598,440 |
All Other Assets | 12,066 |
TOTAL ASSETS | 69,905,902 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 681,782 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,448,147 |
Regular shares | 33,899,246 |
All Other Shares & Deposits | 13,586,575 |
TOTAL SHARES & DEPOSITS | 57,933,966 |
TOTAL LIABILITIES | 58,615,748 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 11,290,154 |
TOTAL EQUITY | 11,290,154 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,905,902 |
INCOME & EXPENSE | |
Loan Income | 2,650,797 |
Investment Income | 1,055,937 |
Other Income | 351,022 |
Total Employee Compensation & Benefits | 848,265 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 943,729 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,020 |
Cost of Funds | 461,798 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,289,939 |
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