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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |