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THE ELECTRIC UTILITIES CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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