Dec, 31, 2023 — NAVARRO CREDIT UNION is a federally insured state chartered credit union headquartered in CORSICANA, TX with 1 branch location and about $3.16 million in total assets. Opened 71 years ago in 1953, NAVARRO CREDIT UNION has about 694 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NAVARRO CREDIT UNION |
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Address: (Main Office) | 317 W 3rd Ave Bldg B CORSICANA, TX 75110-4665 |
Phone: | (903) 872-2291 |
Fax: | (903) 872-2291 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 694 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67407 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,158,714 |
CEO/Manager: | Shirley Colbert |
Chairperson: | Jerry L Welch |
ASSETS: | $ Amount |
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Cash & Equivalents | 108,892 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 168,684 |
Other Loans | 1,243,423 |
TOTAL LOANS | 1,412,107 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,351 |
Land And Building | 0 |
Other Fixed Assets | 1,168 |
NCUSIF Deposit | 21,844 |
All Other Assets | 0 |
TOTAL ASSETS | 3,158,714 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 786 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,140 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,044,018 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,044,018 |
TOTAL LIABILITIES | 2,048,944 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,109,770 |
TOTAL EQUITY | 1,109,770 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,158,714 |
INCOME & EXPENSE | |
Loan Income | 71,964 |
Investment Income | 33,112 |
Other Income | 6,540 |
Total Employee Compensation & Benefits | 52,115 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 43,158 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,866 |
Cost of Funds | 3,129 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 508 |
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