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4U FEDERAL CREDIT UNION

Jun, 30, 2021 — 4U FEDERAL CREDIT UNION is a federal credit union headquartered in GAINESVILLE, TX with 5 branch locations and about $123.85 million in total assets. Opened 65 years ago in 1956, 4U FEDERAL CREDIT UNION has about 7,269 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:4U FEDERAL CREDIT UNION
Address:
(Main Office)
1312 LAWRENCE ST
GAINESVILLE, TX 76240
Phone:(940) 665-1797
Fax:(940) 665-7953
Website:http://www.4ucu.org
Branches:5 branch locations
Members:7,269
Credit Union Type:Federal Credit Union
Charter Number:11067
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1956
Last Audited:Mar 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$123,851,520
CEO/Manager:Don S Wood
Chairperson:Phil Newton

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,772,604
TOTAL INVESTMENTS 19,252,419
Loans Held for Sale 0
 
 Real Estate Loans 39,201,148
 Unsecured Loans 1,730,355
 Other Loans 42,149,434
 TOTAL LOANS 83,080,937
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -90,713
 Land And Building 1,769,856
 Other Fixed Assets 503,867
 NCUSIF Deposit 961,639
 All Other Assets 600,911
  TOTAL ASSETS 123,851,520
LIABILITIES & CAPITAL:  
 Dividends Payable 30,035
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,260,324
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,797,647
 Regular shares 60,786,569
 All Other Shares & Deposits 27,410,318
  TOTAL SHARES & DEPOSITS 112,994,534
  TOTAL LIABILITIES 114,284,893
 Regular Reserve 493,984
 Other Reserves 189,824
 Undivided Earnings 8,882,819
  TOTAL EQUITY 9,566,627
  TOTAL LIABILITIES, SHARES, & EQUITY 123,851,520
INCOME & EXPENSE  
 Loan Income 1,674,240
 Investment Income 128,033
 Other Income 421,648
 Total Employee Compensation & Benefits 856,003
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,054,451
 Non-operating Income & (Expense) -12
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,778
 Cost of Funds 160,428
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 273,220
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