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 |
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 |
↑ Back to Top |