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SKEL-TEX CREDIT UNION

Dec, 31, 2023 — SKEL-TEX CREDIT UNION is a federally insured state chartered credit union headquartered in SKELLYTOWN, TX with 1 branch location and about $5.87 million in total assets. Opened 60 years ago in 1964, SKEL-TEX CREDIT UNION has about 556 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:SKEL-TEX CREDIT UNION
Address:
(Main Office)
404 Main St
SKELLYTOWN, TX 79080
Phone:(806) 848-2413
Fax:(806) 848-2012
Website:n/a
Branches:1 branch locations
Members:556
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60396
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$5,871,771
CEO/Manager:Terri Cone
Chairperson:Larry Brown

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 263,639
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 34,275
 Other Loans 3,264,543
 TOTAL LOANS 3,298,818
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,398
 Land And Building 1,505
 Other Fixed Assets 134
 NCUSIF Deposit 56,864
 All Other Assets 0
  TOTAL ASSETS 5,871,771
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,991
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,220,056
 All Other Shares & Deposits 398,863
  TOTAL SHARES & DEPOSITS 4,618,919
  TOTAL LIABILITIES 4,621,910
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,249,861
  TOTAL EQUITY 1,249,861
  TOTAL LIABILITIES, SHARES, & EQUITY 5,871,771
INCOME & EXPENSE  
 Loan Income 173,751
 Investment Income 32,890
 Other Income 1,983
 Total Employee Compensation & Benefits 103,033
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 54,291
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -16,694
 Cost of Funds 81,638
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,429
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