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SCURRY COUNTY SCHOOL FEDERAL CREDIT UNION

Mar, 31, 2021 — SCURRY COUNTY SCHOOL FEDERAL CREDIT UNION is a federal credit union headquartered in SNYDER, TX with 1 branch location and about $10.54 million in total assets. Opened 66 years ago in 1955, SCURRY COUNTY SCHOOL FEDERAL CREDIT UNION has about 1,237 members and employs 4 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:http://scurrycountyschoolfcu.com
Branches:1 branch locations
Members:1,237
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,540,979
CEO/Manager:Jackie F Smith
Chairperson:Ralph Ramon Sr.

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,149,200
TOTAL INVESTMENTS 5,067,249
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 668,090
 Other Loans 3,565,428
 TOTAL LOANS 4,233,518
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,063
 Land And Building 27,554
 Other Fixed Assets 1,542
 NCUSIF Deposit 67,708
 All Other Assets 39,271
  TOTAL ASSETS 10,540,979
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,829
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,864,930
 All Other Shares & Deposits 4,544,181
  TOTAL SHARES & DEPOSITS 8,409,111
  TOTAL LIABILITIES 8,421,940
 Regular Reserve 292,641
 Other Reserves 0
 Undivided Earnings 1,826,398
  TOTAL EQUITY 2,119,039
  TOTAL LIABILITIES, SHARES, & EQUITY 10,540,979
INCOME & EXPENSE  
 Loan Income 80,250
 Investment Income 15,569
 Other Income 0
 Total Employee Compensation & Benefits 43,030
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,984
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,800
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,005
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