Dec, 31, 2023 — WACO FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 2 branch locations and about $18.71 million in total assets. Opened 75 years ago in 1949, WACO FEDERAL CREDIT UNION has about 1,969 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WACO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 826 N 3rd St WACO, TX 76707 |
| Phone: | (254) 753-0361 |
| Fax: | (254) 753-0371 |
| Website: | https://www.wacofcu.org |
| Branches: | 2 branch locations |
| Members: | 1,969 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6368 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,706,307 |
| CEO/Manager: | Tony W Head |
| Chairperson: | Gene Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,178,218 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,544 |
| Unsecured Loans | 503,716 |
| Other Loans | 7,153,578 |
| TOTAL LOANS | 7,658,838 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,839 |
| Land And Building | 131,016 |
| Other Fixed Assets | 3,652 |
| NCUSIF Deposit | 176,498 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,706,307 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 182,948 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,518,878 |
| Regular shares | 10,985,198 |
| All Other Shares & Deposits | 2,425,184 |
| TOTAL SHARES & DEPOSITS | 16,929,260 |
| TOTAL LIABILITIES | 17,112,208 |
| Regular Reserve | 0 |
| Other Reserves | 442,826 |
| Undivided Earnings | 1,151,273 |
| TOTAL EQUITY | 1,594,099 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,706,307 |
| INCOME & EXPENSE | |
| Loan Income | 414,240 |
| Investment Income | 227,343 |
| Other Income | 201,332 |
| Total Employee Compensation & Benefits | 392,357 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 394,456 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,168 |
| Cost of Funds | 42,885 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 142,346 |
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