Dec, 31, 2023 — SEAGOVILLE FEDERAL CREDIT UNION is a federal credit union headquartered in SEAGOVILLE, TX with 1 branch location and about $16.64 million in total assets. Opened 75 years ago in 1949, SEAGOVILLE FEDERAL CREDIT UNION has about 937 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: | SEAGOVILLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2209 N Highway 175 SEAGOVILLE, TX 75159-2137 |
| Phone: | (972) 287-5685 |
| Fax: | (972) 287-5231 |
| Website: | https://seagovillefcu.com |
| Branches: | 1 branch locations |
| Members: | 937 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6008 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,644,665 |
| CEO/Manager: | Sharon M Rhodes |
| Chairperson: | Eric Benson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,813,271 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 352,249 |
| Other Loans | 5,818,768 |
| TOTAL LOANS | 6,171,017 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,270 |
| Land And Building | 0 |
| Other Fixed Assets | 4 |
| NCUSIF Deposit | 151,638 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,644,665 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 96,676 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,484,741 |
| Regular shares | 12,116,990 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 13,601,731 |
| TOTAL LIABILITIES | 13,700,156 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,944,509 |
| TOTAL EQUITY | 2,944,509 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,644,665 |
| INCOME & EXPENSE | |
| Loan Income | 256,760 |
| Investment Income | 339,651 |
| Other Income | 36,542 |
| Total Employee Compensation & Benefits | 274,105 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 130,795 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,322 |
| Cost of Funds | 80,130 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 166,444 |
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