Dec, 31, 2023 — SCURRY COUNTY SCHOOL FEDERAL CREDIT UNION is a federal credit union headquartered in SNYDER, TX with 1 branch location and about $10.61 million in total assets. Opened 69 years ago in 1955, SCURRY COUNTY SCHOOL FEDERAL CREDIT UNION has about 1,137 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCURRY COUNTY SCHOOL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1903 40th St SNYDER, TX 79549 |
| Phone: | (325) 573-6568 |
| Fax: | (325) 573-6572 |
| Website: | https://scurrycountyschoolfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,137 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10551 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,609,418 |
| CEO/Manager: | Dixie R Duncan |
| Chairperson: | Ralph Ramon Sr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 393,550 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 706,255 |
| Other Loans | 4,755,580 |
| TOTAL LOANS | 5,461,835 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,011 |
| Land And Building | 54,809 |
| Other Fixed Assets | 936 |
| NCUSIF Deposit | 88,389 |
| All Other Assets | 15,935 |
| TOTAL ASSETS | 10,609,418 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -62,528 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,860,623 |
| All Other Shares & Deposits | 4,613,415 |
| TOTAL SHARES & DEPOSITS | 8,474,038 |
| TOTAL LIABILITIES | 8,411,510 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,197,908 |
| TOTAL EQUITY | 2,197,908 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,609,418 |
| INCOME & EXPENSE | |
| Loan Income | 398,178 |
| Investment Income | 40,964 |
| Other Income | 3,936 |
| Total Employee Compensation & Benefits | 167,858 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 149,122 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 105,927 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,171 |
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» See also Statement of Financial Condition