Dec, 31, 2023 — SHELL FEDERAL CREDIT UNION is a federal credit union headquartered in DEER PARK, TX with 13 branch locations and about $1.83 billion in total assets. Opened 87 years ago in 1937, SHELL FEDERAL CREDIT UNION has about 146,525 members and employs 486 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SHELL FEDERAL CREDIT UNION |
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Address: (Main Office) | 201 E 13th St DEER PARK, TX 77536-3260 |
Phone: | (713) 844-1100 |
Fax: | |
Website: | https://www.shellfcu.org |
Branches: | 13 branch locations |
Members: | 146,525 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1941 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,828,653,093 |
CEO/Manager: | Jose Rodriguez |
Chairperson: | Chet Servance |
ASSETS: | $ Amount |
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Cash & Equivalents | 140,794,814 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 434,097,036 |
Unsecured Loans | 256,879,201 |
Other Loans | 747,459,612 |
TOTAL LOANS | 1,450,605,045 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,939,394 |
Land And Building | 49,579,428 |
Other Fixed Assets | 34,336,718 |
NCUSIF Deposit | 14,774,826 |
All Other Assets | 2,105,858 |
TOTAL ASSETS | 1,828,653,093 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 44,921,282 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 217,130,872 |
Regular shares | 681,483,799 |
All Other Shares & Deposits | 685,108,875 |
TOTAL SHARES & DEPOSITS | 1,583,723,546 |
TOTAL LIABILITIES | 1,628,644,828 |
Regular Reserve | 0 |
Other Reserves | -11,392,040 |
Undivided Earnings | 211,400,305 |
TOTAL EQUITY | 200,008,265 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,828,653,093 |
INCOME & EXPENSE | |
Loan Income | 83,991,765 |
Investment Income | 22,419,888 |
Other Income | 14,445,793 |
Total Employee Compensation & Benefits | 42,768,755 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 32,999,063 |
Non-operating Income & (Expense) | 112,547 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,869,910 |
Cost of Funds | 34,719,376 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 21,074,605 |
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