Dec, 31, 2023 — HEREFORD TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in HEREFORD, TX with 2 branch locations and about $70.97 million in total assets. Opened 88 years ago in 1936, HEREFORD TEXAS FEDERAL CREDIT UNION has about 8,358 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HEREFORD TEXAS FEDERAL CREDIT UNION |
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Address: (Main Office) | 330 Schley Ave HEREFORD, TX 79045-5539 |
Phone: | (806) 364-1888 |
Fax: | (806) 364-8638 |
Website: | https://www.htfcu.com |
Branches: | 2 branch locations |
Members: | 8,358 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1401 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $70,972,395 |
CEO/Manager: | Brenda Fuentes |
Chairperson: | David A Collins |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,824,102 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 3,368,446 |
Other Loans | 48,393,228 |
TOTAL LOANS | 51,761,674 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -468,982 |
Land And Building | 5,223,394 |
Other Fixed Assets | 289,187 |
NCUSIF Deposit | 510,000 |
All Other Assets | 39,740 |
TOTAL ASSETS | 70,972,395 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,837,297 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,945,179 |
Regular shares | 32,068,340 |
All Other Shares & Deposits | 12,902,443 |
TOTAL SHARES & DEPOSITS | 53,915,962 |
TOTAL LIABILITIES | 55,753,259 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 15,219,136 |
TOTAL EQUITY | 15,219,136 |
TOTAL LIABILITIES, SHARES, & EQUITY | 70,972,395 |
INCOME & EXPENSE | |
Loan Income | 2,995,403 |
Investment Income | 260,634 |
Other Income | 1,101,058 |
Total Employee Compensation & Benefits | 1,429,361 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,425,937 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 206,859 |
Cost of Funds | 821,156 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 518,417 |
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