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4U FEDERAL CREDIT UNION

Dec, 31, 2020 — 4U FEDERAL CREDIT UNION is a federal credit union headquartered in GAINESVILLE, TX with 5 branch locations and about $119.44 million in total assets. Opened 65 years ago in 1956, 4U FEDERAL CREDIT UNION has about 7,110 members and employs 31 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:7,110
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:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$119,438,189
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 17,764,705
TOTAL INVESTMENTS 19,437,363
Loans Held for Sale 0
 
 Real Estate Loans 35,317,500
 Unsecured Loans 1,706,764
 Other Loans 41,646,416
 TOTAL LOANS 78,670,680
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,911
 Land And Building 1,793,128
 Other Fixed Assets 505,464
 NCUSIF Deposit 940,697
 All Other Assets 422,063
  TOTAL ASSETS 119,438,189
LIABILITIES & CAPITAL:  
 Dividends Payable 52,378
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 902,857
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,783,397
 Regular shares 55,283,740
 All Other Shares & Deposits 31,926,605
  TOTAL SHARES & DEPOSITS 108,993,742
  TOTAL LIABILITIES 109,948,977
 Regular Reserve 493,984
 Other Reserves 385,629
 Undivided Earnings 8,609,599
  TOTAL EQUITY 9,489,212
  TOTAL LIABILITIES, SHARES, & EQUITY 119,438,189
INCOME & EXPENSE  
 Loan Income 3,424,544
 Investment Income 407,452
 Other Income 981,273
 Total Employee Compensation & Benefits 1,613,378
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,850,215
 Non-operating Income & (Expense) -1,085
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 134,728
 Cost of Funds 647,909
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 565,954
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