Dec, 31, 2023 — UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in TYLER, TX with 1 branch location and about $29.97 million in total assets. Opened 92 years ago in 1932, UNITED CREDIT UNION has about 2,250 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED CREDIT UNION |
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Address: (Main Office) | 4901 Old Jacksonville Hwy TYLER, TX 75703-3373 |
Phone: | (903) 595-3604 |
Fax: | (903) 535-9850 |
Website: | https://unitedcu.coop |
Branches: | 1 branch locations |
Members: | 2,250 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67587 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,965,700 |
CEO/Manager: | Sherri McElyea |
Chairperson: | David Adams |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,960,812 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,743,302 |
Unsecured Loans | 1,639,178 |
Other Loans | 9,248,129 |
TOTAL LOANS | 18,671,990 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,230 |
Land And Building | 1,312,091 |
Other Fixed Assets | 42,146 |
NCUSIF Deposit | 282,005 |
All Other Assets | 0 |
TOTAL ASSETS | 29,965,700 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 241 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 23,871 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,619,656 |
Regular shares | 9,247,660 |
All Other Shares & Deposits | 14,871,056 |
TOTAL SHARES & DEPOSITS | 27,738,372 |
TOTAL LIABILITIES | 27,762,484 |
Regular Reserve | 0 |
Other Reserves | 43,209 |
Undivided Earnings | 2,160,007 |
TOTAL EQUITY | 2,203,216 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,965,700 |
INCOME & EXPENSE | |
Loan Income | 998,817 |
Investment Income | 127,764 |
Other Income | 216,250 |
Total Employee Compensation & Benefits | 378,223 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 590,346 |
Non-operating Income & (Expense) | 25,150 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,461 |
Cost of Funds | 252,964 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,676 |
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