Jun, 30, 2024 — LAS COLINAS FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, TX with 4 branch locations and about $94.10 million in total assets. Opened 70 years ago in 1955, LAS COLINAS FEDERAL CREDIT UNION has about 9,168 members and employs 23 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) | 555 Cimarron Trl IRVING, TX 75063-4538 |
| Phone: | (214) 273-5094 |
| Fax: | (214) 273-7111 |
| Website: | https://www.lascolinasfcu.com |
| Branches: | 4 branch locations |
| Members: | 9,168 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $94,099,780 |
| CEO/Manager: | Kevin Scott |
| Chairperson: | John Chipps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,766,808 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 209,520 |
| Real Estate Loans | 25,664,312 |
| Unsecured Loans | 3,702,469 |
| Other Loans | 43,374,004 |
| TOTAL LOANS | 76,543,238 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -514,000 |
| Land And Building | 1,235,698 |
| Other Fixed Assets | 726,651 |
| NCUSIF Deposit | 772,842 |
| All Other Assets | 154,236 |
| TOTAL ASSETS | 94,099,780 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,020,127 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,469,293 |
| Regular shares | 35,556,073 |
| All Other Shares & Deposits | 26,583,026 |
| TOTAL SHARES & DEPOSITS | 82,608,392 |
| TOTAL LIABILITIES | 84,628,519 |
| Regular Reserve | 0 |
| Other Reserves | 799,004 |
| Undivided Earnings | 8,672,257 |
| TOTAL EQUITY | 9,471,261 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,099,780 |
| INCOME & EXPENSE | |
| Loan Income | 2,293,554 |
| Investment Income | 108,707 |
| Other Income | 545,161 |
| Total Employee Compensation & Benefits | 877,816 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,273,597 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,037 |
| Cost of Funds | 138,656 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 797,724 |
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