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 |
| 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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