Dec, 31, 2023 — 4U FEDERAL CREDIT UNION is a federal credit union headquartered in GAINESVILLE, TX with 5 branch locations and about $133.97 million in total assets. Opened 68 years ago in 1956, 4U FEDERAL CREDIT UNION has about 8,151 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: | https://www.4ucu.org |
| Branches: | 5 branch locations |
| Members: | 8,151 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $133,974,328 |
| CEO/Manager: | Don S Wood |
| Chairperson: | Mike Dieter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,058,991 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,793,308 |
| Unsecured Loans | 2,554,905 |
| Other Loans | 47,623,944 |
| TOTAL LOANS | 97,325,390 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,884 |
| Land And Building | 1,743,242 |
| Other Fixed Assets | 532,775 |
| NCUSIF Deposit | 1,022,669 |
| All Other Assets | 0 |
| TOTAL ASSETS | 133,974,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 152,408 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,577,793 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,227,004 |
| Regular shares | 56,128,725 |
| All Other Shares & Deposits | 36,879,367 |
| TOTAL SHARES & DEPOSITS | 120,235,096 |
| TOTAL LIABILITIES | 121,965,297 |
| Regular Reserve | 0 |
| Other Reserves | 308,376 |
| Undivided Earnings | 11,700,655 |
| TOTAL EQUITY | 12,009,031 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 133,974,328 |
| INCOME & EXPENSE | |
| Loan Income | 4,298,831 |
| Investment Income | 586,003 |
| Other Income | 995,541 |
| Total Employee Compensation & Benefits | 2,079,162 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,284,522 |
| Non-operating Income & (Expense) | -85 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,307 |
| Cost of Funds | 998,802 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 551,358 |
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