Dec, 31, 2023 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in HASLET, TX with 5 branch locations and about $54.55 million in total assets. Opened 49 years ago in 1975, MY CREDIT UNION has about 6,176 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MY CREDIT UNION |
|---|---|
| Address: (Main Office) | 13016 Highway 287 HASLET, TX 76052-2618 |
| Phone: | (682) 207-3886 |
| Fax: | |
| Website: | https://www.mycutx.com |
| Branches: | 5 branch locations |
| Members: | 6,176 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68545 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,547,063 |
| CEO/Manager: | Bruce W Urbanovsky |
| Chairperson: | Sharon E Bailey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,901,427 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,792,984 |
| Unsecured Loans | 454,833 |
| Other Loans | 22,762,000 |
| TOTAL LOANS | 30,009,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -95,008 |
| Land And Building | 1,435,129 |
| Other Fixed Assets | 41,066 |
| NCUSIF Deposit | 543,278 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,547,063 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 167,306 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,521,793 |
| Regular shares | 30,530,669 |
| All Other Shares & Deposits | 7,007,396 |
| TOTAL SHARES & DEPOSITS | 49,059,858 |
| TOTAL LIABILITIES | 49,227,164 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,319,899 |
| TOTAL EQUITY | 5,319,899 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,547,063 |
| INCOME & EXPENSE | |
| Loan Income | 1,697,351 |
| Investment Income | 735,528 |
| Other Income | 752,313 |
| Total Employee Compensation & Benefits | 1,153,545 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,237,814 |
| Non-operating Income & (Expense) | 36,704 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,360 |
| Cost of Funds | 120,504 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 694,526 |
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