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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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