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4U FEDERAL CREDIT UNION

Mar, 31, 2021 — 4U FEDERAL CREDIT UNION is a federal credit union headquartered in GAINESVILLE, TX with 5 branch locations and about $121.59 million in total assets. Opened 65 years ago in 1956, 4U FEDERAL CREDIT UNION has about 7,189 members and employs 27 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:7,189
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:$121,585,623
CEO/Manager:Don S Wood
Chairperson:Phil Newton

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,588,420
TOTAL INVESTMENTS 18,921,201
Loans Held for Sale 0
 
 Real Estate Loans 36,889,447
 Unsecured Loans 1,619,320
 Other Loans 41,870,693
 TOTAL LOANS 80,379,460
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -103,791
 Land And Building 1,784,602
 Other Fixed Assets 488,402
 NCUSIF Deposit 961,639
 All Other Assets 565,690
  TOTAL ASSETS 121,585,623
LIABILITIES & CAPITAL:  
 Dividends Payable 35,833
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 498,427
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,503,251
 Regular shares 58,850,126
 All Other Shares & Deposits 28,233,364
  TOTAL SHARES & DEPOSITS 111,586,741
  TOTAL LIABILITIES 112,121,001
 Regular Reserve 493,984
 Other Reserves 291,151
 Undivided Earnings 8,679,487
  TOTAL EQUITY 9,464,622
  TOTAL LIABILITIES, SHARES, & EQUITY 121,585,623
INCOME & EXPENSE  
 Loan Income 822,955
 Investment Income 63,416
 Other Income 206,406
 Total Employee Compensation & Benefits 419,735
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 530,072
 Non-operating Income & (Expense) -10
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,889
 Cost of Funds 92,194
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 69,889
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