Dec, 31, 2023 — ANDREWS SCHOOL FEDERAL CREDIT UNION is a federal credit union headquartered in ANDREWS, TX with 1 branch location and about $6.72 million in total assets. Opened 68 years ago in 1956, ANDREWS SCHOOL FEDERAL CREDIT UNION has about 784 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: | ANDREWS SCHOOL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 405 NW 3rd St ANDREWS, TX 79714-5014 |
| Phone: | (432) 523-8937 |
| Fax: | (432) 523-8948 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 784 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10739 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,715,576 |
| CEO/Manager: | Patsy Sullens |
| Chairperson: | Deborah Burnett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 691,465 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 338,619 |
| Other Loans | 3,686,368 |
| TOTAL LOANS | 4,024,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,237 |
| Land And Building | 0 |
| Other Fixed Assets | 80 |
| NCUSIF Deposit | 47,588 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,715,576 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,758 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,188 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,797,050 |
| All Other Shares & Deposits | 220,654 |
| TOTAL SHARES & DEPOSITS | 5,017,704 |
| TOTAL LIABILITIES | 5,033,650 |
| Regular Reserve | 0 |
| Other Reserves | 150,271 |
| Undivided Earnings | 1,531,655 |
| TOTAL EQUITY | 1,681,926 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,715,576 |
| INCOME & EXPENSE | |
| Loan Income | 187,550 |
| Investment Income | 74,254 |
| Other Income | 4,308 |
| Total Employee Compensation & Benefits | 125,941 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 65,518 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,131 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,912 |
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