Dec, 31, 2023 — SERVICE 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in GREENVILLE, TX with 1 branch location and about $74.57 million in total assets. Opened 70 years ago in 1954, SERVICE 1ST CREDIT UNION has about 5,108 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SERVICE 1ST CREDIT UNION |
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Address: (Main Office) | 10001 Jack Finney Blvd GREENVILLE, TX 75402 |
Phone: | (903) 457-4686 |
Fax: | (903) 457-7138 |
Website: | https://s1cu.org |
Branches: | 1 branch locations |
Members: | 5,108 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67645 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $74,570,942 |
CEO/Manager: | Sherri L Houston |
Chairperson: | Fred H Hite Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,550,044 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,929,984 |
Unsecured Loans | 2,841,903 |
Other Loans | 28,288,849 |
TOTAL LOANS | 38,060,736 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -312,760 |
Land And Building | 60,000 |
Other Fixed Assets | 125,337 |
NCUSIF Deposit | 676,861 |
All Other Assets | 0 |
TOTAL ASSETS | 74,570,942 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 288,633 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,730,605 |
Regular shares | 47,632,204 |
All Other Shares & Deposits | 1,161,534 |
TOTAL SHARES & DEPOSITS | 65,524,343 |
TOTAL LIABILITIES | 65,812,985 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,757,957 |
TOTAL EQUITY | 8,757,957 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,570,942 |
INCOME & EXPENSE | |
Loan Income | 1,471,940 |
Investment Income | 992,937 |
Other Income | 345,722 |
Total Employee Compensation & Benefits | 1,065,685 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 668,554 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 196,085 |
Cost of Funds | 27,430 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 949,221 |
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