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MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION

Dec, 31, 2023 — MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 1 branch location and about $11.05 million in total assets. Opened 90 years ago in 1934, MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION has about 1,285 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:MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION
Address:
(Main Office)
419 W 4TH ST
TEXARKANA, TX 75501
Phone:(903) 798-3918
Fax:(903) 794-3152
Website:https://www.morrissheppardfcu.org
Branches:1 branch locations
Members:1,285
Credit Union Type:Federal Credit Union
Charter Number:1
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1934
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$11,048,388
CEO/Manager:JENNIFER PRICE
Chairperson:PAUL T MARTIN

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,092,136
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 867,844
 Other Loans 8,457,751
 TOTAL LOANS 9,325,595
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,697
 Land And Building 42,831
 Other Fixed Assets 8,739
 NCUSIF Deposit 108,220
 All Other Assets 0
  TOTAL ASSETS 11,048,388
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,086
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 491,736
 Regular shares 6,743,588
 All Other Shares & Deposits 2,516,461
  TOTAL SHARES & DEPOSITS 9,751,785
  TOTAL LIABILITIES 9,755,871
 Regular Reserve 0
 Other Reserves 203,071
 Undivided Earnings 1,089,446
  TOTAL EQUITY 1,292,517
  TOTAL LIABILITIES, SHARES, & EQUITY 11,048,388
INCOME & EXPENSE  
 Loan Income 455,345
 Investment Income 64,110
 Other Income 35,991
 Total Employee Compensation & Benefits 174,064
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 256,488
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,859
 Cost of Funds 102,991
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 43,840
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