Dec, 31, 2023 — LAS COLINAS FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, TX with 4 branch locations and about $104.17 million in total assets. Opened 69 years ago in 1955, LAS COLINAS FEDERAL CREDIT UNION has about 9,645 members and employs 26 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) | 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: | 9,645 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $104,172,922 |
CEO/Manager: | Kevin Scott |
Chairperson: | John Chipps |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,961,932 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 32,714,989 |
Unsecured Loans | 4,078,168 |
Other Loans | 52,566,781 |
TOTAL LOANS | 89,359,939 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -481,000 |
Land And Building | 1,153,365 |
Other Fixed Assets | 646,288 |
NCUSIF Deposit | 848,725 |
All Other Assets | 92,731 |
TOTAL ASSETS | 104,172,922 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,300,000 |
Accounts Payable & Other Liabilities | 1,696,191 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,769,710 |
Regular shares | 32,030,367 |
All Other Shares & Deposits | 39,691,926 |
TOTAL SHARES & DEPOSITS | 90,492,002 |
TOTAL LIABILITIES | 94,488,193 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 9,684,729 |
TOTAL EQUITY | 9,684,729 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,172,922 |
INCOME & EXPENSE | |
Loan Income | 4,250,637 |
Investment Income | 249,511 |
Other Income | 734,683 |
Total Employee Compensation & Benefits | 2,070,739 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,937,623 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 501,583 |
Cost of Funds | 871,814 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,776 |
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