Mar, 31, 2021 — LAS COLINAS FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, TX with 4 branch locations and about $92.49 million in total assets. Opened 66 years ago in 1955, LAS COLINAS FEDERAL CREDIT UNION has about 9,465 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAS COLINAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 630347 IRVING, TX 75063 |
| Phone: | (214) 273-5094 |
| Fax: | (214) 273-7111 |
| Website: | http://www.lascolinasfcu.com |
| Branches: | 4 branch locations |
| Members: | 9,465 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10424 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $92,492,894 |
| CEO/Manager: | Kevin Scott |
| Chairperson: | Barbara Gardsbane |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,280,142 |
| TOTAL INVESTMENTS | 7,680,593 |
| Loans Held for Sale | 394,700 |
| Real Estate Loans | 17,583,027 |
| Unsecured Loans | 7,603,609 |
| Other Loans | 46,930,990 |
| TOTAL LOANS | 72,117,626 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -473,543 |
| Land And Building | 1,334,498 |
| Other Fixed Assets | 856,489 |
| NCUSIF Deposit | 718,562 |
| All Other Assets | 1,583,827 |
| TOTAL ASSETS | 92,492,894 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,087,778 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,713,666 |
| Regular shares | 36,873,002 |
| All Other Shares & Deposits | 24,972,208 |
| TOTAL SHARES & DEPOSITS | 82,558,876 |
| TOTAL LIABILITIES | 84,646,654 |
| Regular Reserve | 799,004 |
| Other Reserves | 0 |
| Undivided Earnings | 7,047,236 |
| TOTAL EQUITY | 7,846,240 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 92,492,894 |
| INCOME & EXPENSE | |
| Loan Income | 827,179 |
| Investment Income | 16,845 |
| Other Income | 203,452 |
| Total Employee Compensation & Benefits | 458,359 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 467,606 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,660 |
| Cost of Funds | 36,489 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 193,684 |
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