Dec, 31, 2023 — UNITED ENERGY CREDIT UNION is a federally insured state chartered credit union headquartered in HUMBLE, TX with 2 branch locations and about $28.90 million in total assets. Opened 90 years ago in 1934, UNITED ENERGY CREDIT UNION has about 3,342 members and employs 11 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 ENERGY CREDIT UNION |
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Address: (Main Office) | 8790 FM 1960 Bypass Rd W Ste 500A HUMBLE, TX 77338-3950 |
Phone: | (281) 964-1777 |
Fax: | (281) 964-1720 |
Website: | https://www.unitedenergycu.com |
Branches: | 2 branch locations |
Members: | 3,342 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67493 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,901,141 |
CEO/Manager: | Debbie Hendrix |
Chairperson: | Lynette G Sealy |
ASSETS: | $ Amount |
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Cash & Equivalents | 740,638 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,157,531 |
Other Loans | 17,599,126 |
TOTAL LOANS | 19,818,282 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -159,181 |
Land And Building | 0 |
Other Fixed Assets | 1,979 |
NCUSIF Deposit | 240,197 |
All Other Assets | 0 |
TOTAL ASSETS | 28,901,141 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 73,099 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 954,643 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,463,237 |
Regular shares | 12,598,715 |
All Other Shares & Deposits | 5,935,870 |
TOTAL SHARES & DEPOSITS | 22,997,822 |
TOTAL LIABILITIES | 24,025,564 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,875,577 |
TOTAL EQUITY | 4,875,577 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,901,141 |
INCOME & EXPENSE | |
Loan Income | 1,065,970 |
Investment Income | 311,854 |
Other Income | 409,307 |
Total Employee Compensation & Benefits | 643,704 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,152,179 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,863 |
Cost of Funds | 123,420 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 44,816 |
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