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 |
| 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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