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ANDREWS SCHOOL FEDERAL CREDIT UNION

Mar, 31, 2021 — ANDREWS SCHOOL FEDERAL CREDIT UNION is a federal credit union headquartered in Andrews, TX with 1 branch location and about $7.13 million in total assets. Opened 65 years ago in 1956, ANDREWS SCHOOL FEDERAL CREDIT UNION has about 726 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)
PO Box 2049
Andrews, TX 79714-2049
Phone:(432) 523-8937
Fax:(432) 523-8948
Website:n/a
Branches:1 branch locations
Members:726
Credit Union Type:Federal Credit Union
Charter Number:10739
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1956
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,128,670
CEO/Manager:Patsy Sullens
Chairperson:Marc Boswell

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,387,697
TOTAL INVESTMENTS 2,488,655
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 215,439
 Other Loans 3,001,197
 TOTAL LOANS 3,216,636
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,237
 Land And Building 0
 Other Fixed Assets 1,160
 NCUSIF Deposit 51,348
 All Other Assets 14,411
  TOTAL ASSETS 7,128,670
LIABILITIES & CAPITAL:  
 Dividends Payable 766
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,097
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,284,494
 All Other Shares & Deposits 228,441
  TOTAL SHARES & DEPOSITS 5,512,935
  TOTAL LIABILITIES 5,531,798
 Regular Reserve 150,271
 Other Reserves 0
 Undivided Earnings 1,446,601
  TOTAL EQUITY 1,596,872
  TOTAL LIABILITIES, SHARES, & EQUITY 7,128,670
INCOME & EXPENSE  
 Loan Income 36,360
 Investment Income 4,716
 Other Income 876
 Total Employee Compensation & Benefits 26,919
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,473
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 568
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,466
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