Dec, 31, 2020 — LAS COLINAS FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, TX with 4 branch locations and about $87.04 million in total assets. Opened 66 years ago in 1955, LAS COLINAS FEDERAL CREDIT UNION has about 9,535 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 |
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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: | 9,535 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10424 |
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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: | $87,039,602 |
CEO/Manager: | Kevin Scott |
Chairperson: | Barbara Gardsbane |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,340,617 |
TOTAL INVESTMENTS | 5,690,578 |
Loans Held for Sale | 160,000 |
Real Estate Loans | 15,000,035 |
Unsecured Loans | 7,740,100 |
Other Loans | 46,878,785 |
TOTAL LOANS | 69,848,305 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -515,776 |
Land And Building | 1,350,965 |
Other Fixed Assets | 798,927 |
NCUSIF Deposit | 718,562 |
All Other Assets | 1,647,424 |
TOTAL ASSETS | 87,039,602 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,476,102 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,045,112 |
Regular shares | 33,488,867 |
All Other Shares & Deposits | 24,376,965 |
TOTAL SHARES & DEPOSITS | 76,910,944 |
TOTAL LIABILITIES | 79,387,046 |
Regular Reserve | 799,004 |
Other Reserves | 0 |
Undivided Earnings | 6,853,552 |
TOTAL EQUITY | 7,652,556 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,039,602 |
INCOME & EXPENSE | |
Loan Income | 3,239,187 |
Investment Income | 141,522 |
Other Income | 1,463,747 |
Total Employee Compensation & Benefits | 1,685,589 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,727,650 |
Non-operating Income & (Expense) | 251,644 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 423,640 |
Cost of Funds | 171,991 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,087,230 |
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