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4U FEDERAL CREDIT UNION

Dec, 31, 2021 — 4U FEDERAL CREDIT UNION is a federal credit union headquartered in GAINESVILLE, TX with 5 branch locations and about $128.97 million in total assets. Opened 66 years ago in 1956, 4U FEDERAL CREDIT UNION has about 7,320 members and employs 28 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:7,320
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:$128,967,587
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 11,623,551
TOTAL INVESTMENTS 24,691,360
Loans Held for Sale 0
 
 Real Estate Loans 39,915,958
 Unsecured Loans 1,792,566
 Other Loans 47,319,564
 TOTAL LOANS 89,028,088
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -91,647
 Land And Building 1,739,955
 Other Fixed Assets 517,134
 NCUSIF Deposit 1,007,814
 All Other Assets 451,332
  TOTAL ASSETS 128,967,587
LIABILITIES & CAPITAL:  
 Dividends Payable 19,091
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 809,994
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,406,935
 Regular shares 64,777,819
 All Other Shares & Deposits 25,939,562
  TOTAL SHARES & DEPOSITS 118,124,316
  TOTAL LIABILITIES 118,953,401
 Regular Reserve 493,984
 Other Reserves 134,442
 Undivided Earnings 9,385,760
  TOTAL EQUITY 10,014,186
  TOTAL LIABILITIES, SHARES, & EQUITY 128,967,587
INCOME & EXPENSE  
 Loan Income 3,404,674
 Investment Income 262,947
 Other Income 889,441
 Total Employee Compensation & Benefits 1,719,313
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,097,031
 Non-operating Income & (Expense) 28,619
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,643
 Cost of Funds 273,661
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 776,161
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