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HEART O' TEXAS FEDERAL CREDIT UNION

Dec, 31, 2020 — HEART O' TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 3 branch locations and about $47.57 million in total assets. Opened 65 years ago in 1956, HEART O' TEXAS FEDERAL CREDIT UNION has about 5,189 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:HEART O' TEXAS FEDERAL CREDIT UNION
Address:
(Main Office)
P. O. BOX 11
WACO, TX 76703-0011
Phone:(254) 751-1622
Fax:(254) 751-1141
Website:http://www.hotfcu.org
Branches:3 branch locations
Members:5,189
Credit Union Type:Federal Credit Union
Charter Number:11032
Membership Type:Multiple common bond - Primarily military
Corporate Credit Union:No
Year Opened:1956
Last Audited:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$47,568,414
CEO/Manager:Melissa Hagenbuch
Chairperson:Barbara Sais-Chinn

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,746,926
TOTAL INVESTMENTS 1,892,017
Loans Held for Sale 0
 
 Real Estate Loans 7,421,248
 Unsecured Loans 207,478
 Other Loans 23,061,655
 TOTAL LOANS 30,690,381
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -123,048
 Land And Building 2,497,955
 Other Fixed Assets 137,394
 NCUSIF Deposit 376,753
 All Other Assets 350,036
  TOTAL ASSETS 47,568,414
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 542,362
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,022,544
 Regular shares 22,912,747
 All Other Shares & Deposits 6,676,567
  TOTAL SHARES & DEPOSITS 42,611,858
  TOTAL LIABILITIES 43,154,220
 Regular Reserve 1,100,331
 Other Reserves 0
 Undivided Earnings 3,313,863
  TOTAL EQUITY 4,414,194
  TOTAL LIABILITIES, SHARES, & EQUITY 47,568,414
INCOME & EXPENSE  
 Loan Income 1,538,248
 Investment Income 118,561
 Other Income 597,781
 Total Employee Compensation & Benefits 1,140,263
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,084,031
 Non-operating Income & (Expense) 213,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 151,789
 Cost of Funds 36,092
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 55,915
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