Mar, 31, 2021 — MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 1 branch location and about $9.96 million in total assets. Opened 87 years ago in 1934, MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION has about 1,257 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: | 1,257 |
| 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: | $9,962,035 |
| CEO/Manager: | JENNIFER ABERCROMBIE |
| Chairperson: | HARRY H SIMMS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,161,446 |
| TOTAL INVESTMENTS | 1,002,698 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 901,631 |
| Other Loans | 6,768,255 |
| TOTAL LOANS | 7,669,886 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,390 |
| Land And Building | 47,550 |
| Other Fixed Assets | 26,874 |
| NCUSIF Deposit | 70,442 |
| All Other Assets | 7,529 |
| TOTAL ASSETS | 9,962,035 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,475 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 570,988 |
| Regular shares | 6,258,150 |
| All Other Shares & Deposits | 2,016,790 |
| TOTAL SHARES & DEPOSITS | 8,845,928 |
| TOTAL LIABILITIES | 8,853,403 |
| Regular Reserve | 203,071 |
| Other Reserves | 0 |
| Undivided Earnings | 905,561 |
| TOTAL EQUITY | 1,108,632 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,962,035 |
| INCOME & EXPENSE | |
| Loan Income | 94,863 |
| Investment Income | 602 |
| Other Income | 6,553 |
| Total Employee Compensation & Benefits | 41,986 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 45,552 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 16,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,711 |
| ↑ Back to Top | |