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 |
| 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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