Dec, 31, 2023 — THE ELECTRIC UTILITIES CREDIT UNION is a federally insured state chartered credit union headquartered in BIG SPRING, TX with 1 branch location and about $6.57 million in total assets. Opened 74 years ago in 1950, THE ELECTRIC UTILITIES CREDIT UNION has about 485 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE ELECTRIC UTILITIES CREDIT UNION |
---|---|
Address: (Main Office) | 2002 Birdwell Ln BIG SPRING, TX 79720-6012 |
Phone: | (432) 263-3442 |
Fax: | (432) 263-0644 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 485 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67421 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,574,129 |
CEO/Manager: | Carol I Jeter |
Chairperson: | Louis Salazar |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,482,308 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 213,122 |
Other Loans | 1,182,057 |
TOTAL LOANS | 1,395,179 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,418 |
Land And Building | 20,500 |
Other Fixed Assets | 39,463 |
NCUSIF Deposit | 63,854 |
All Other Assets | 0 |
TOTAL ASSETS | 6,574,129 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,383 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 540,837 |
Regular shares | 4,534,947 |
All Other Shares & Deposits | 667,442 |
TOTAL SHARES & DEPOSITS | 5,743,226 |
TOTAL LIABILITIES | 5,757,625 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 816,504 |
TOTAL EQUITY | 816,504 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,574,129 |
INCOME & EXPENSE | |
Loan Income | 86,757 |
Investment Income | 142,419 |
Other Income | 12,202 |
Total Employee Compensation & Benefits | 59,015 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 195,176 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,933 |
Cost of Funds | 4,424 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -18,712 |
↑ Back to Top |