Dec, 31, 2023 — WESTEX COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KERMIT, TX with 5 branch locations and about $184.18 million in total assets. Opened 64 years ago in 1960, WESTEX COMMUNITY CREDIT UNION has about 15,462 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTEX COMMUNITY CREDIT UNION |
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Address: (Main Office) | 200 E Austin St KERMIT, TX 79745 |
Phone: | (432) 586-6631 |
Fax: | (432) 586-2996 |
Website: | https://wccu.net |
Branches: | 5 branch locations |
Members: | 15,462 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67915 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $184,182,882 |
CEO/Manager: | Kenneth Arnold |
Chairperson: | Vonda Warren |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,713,255 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,395,417 |
Unsecured Loans | 10,231,717 |
Other Loans | 53,906,772 |
TOTAL LOANS | 92,533,906 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -726,642 |
Land And Building | 5,162,474 |
Other Fixed Assets | 158,601 |
NCUSIF Deposit | 1,385,697 |
All Other Assets | 0 |
TOTAL ASSETS | 184,182,882 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,879,766 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 43,670,793 |
Regular shares | 90,548,913 |
All Other Shares & Deposits | 26,386,742 |
TOTAL SHARES & DEPOSITS | 160,606,448 |
TOTAL LIABILITIES | 162,486,214 |
Regular Reserve | 0 |
Other Reserves | 19,610 |
Undivided Earnings | 21,677,058 |
TOTAL EQUITY | 21,696,668 |
TOTAL LIABILITIES, SHARES, & EQUITY | 184,182,882 |
INCOME & EXPENSE | |
Loan Income | 5,137,097 |
Investment Income | 1,571,061 |
Other Income | 1,370,276 |
Total Employee Compensation & Benefits | 3,305,656 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,068,599 |
Non-operating Income & (Expense) | 381,758 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 305,380 |
Cost of Funds | 825,464 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,531,852 |
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