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MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION

Dec, 31, 2020 — MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 1 branch location and about $9.99 million in total assets. Opened 87 years ago in 1934, MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION has about 1,260 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION
Address:
(Main Office)
419 W 4TH ST
TEXARKANA, TX 75501
Phone:(903) 798-3918
Fax:(903) 794-3152
Website:http://www.morrissheppardfcu.org
Branches:1 branch locations
Members:1,260
Credit Union Type:Federal Credit Union
Charter Number:1
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1934
Last Audited:Sep 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$9,993,603
CEO/Manager:JENNIFER ABERCROMBIE
Chairperson:HARRY H SIMMS

Call Report

  • Micro Consumer Loans
  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,291,664
TOTAL INVESTMENTS 752,698
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 909,722
 Other Loans 6,921,689
 TOTAL LOANS 7,831,411
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,844
 Land And Building 47,979
 Other Fixed Assets 29,252
 NCUSIF Deposit 70,442
 All Other Assets 1,001
  TOTAL ASSETS 9,993,603
LIABILITIES & CAPITAL:  
 Dividends Payable 7,317
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 540,732
 Regular shares 6,132,669
 All Other Shares & Deposits 2,212,963
  TOTAL SHARES & DEPOSITS 8,886,364
  TOTAL LIABILITIES 8,893,681
 Regular Reserve 203,071
 Other Reserves 0
 Undivided Earnings 896,851
  TOTAL EQUITY 1,099,922
  TOTAL LIABILITIES, SHARES, & EQUITY 9,993,603
INCOME & EXPENSE  
 Loan Income 379,586
 Investment Income 1,319
 Other Income 111,193
 Total Employee Compensation & Benefits 176,951
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 184,568
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,313
 Cost of Funds 69,210
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 60,056
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