Dec, 31, 2023 — TEXHILLCO SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in KERRVILLE, TX with 1 branch location and about $22.39 million in total assets. Opened 67 years ago in 1957, TEXHILLCO SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 2,079 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXHILLCO SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1018 Sidney Baker St KERRVILLE, TX 78028-3355 |
Phone: | (830) 896-3977 |
Fax: | (830) 257-1298 |
Website: | https://texhillco.org |
Branches: | 1 branch locations |
Members: | 2,079 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11576 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,394,905 |
CEO/Manager: | Tony Gonzales |
Chairperson: | Christopher W Stevenson |
ASSETS: | $ Amount |
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Cash & Equivalents | 612,159 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 297,267 |
Unsecured Loans | 5,888,283 |
Other Loans | 12,479,749 |
TOTAL LOANS | 18,665,299 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,603 |
Land And Building | 498,876 |
Other Fixed Assets | 144,971 |
NCUSIF Deposit | 205,437 |
All Other Assets | 0 |
TOTAL ASSETS | 22,394,905 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,475 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 92,106 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,851,181 |
Regular shares | 11,422,981 |
All Other Shares & Deposits | 5,463,589 |
TOTAL SHARES & DEPOSITS | 19,737,751 |
TOTAL LIABILITIES | 19,839,332 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,555,573 |
TOTAL EQUITY | 2,555,573 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,394,905 |
INCOME & EXPENSE | |
Loan Income | 1,369,249 |
Investment Income | 109,224 |
Other Income | 130,454 |
Total Employee Compensation & Benefits | 682,890 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 675,493 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 142,152 |
Cost of Funds | 193,869 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 281,921 |
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» See also Statement of Financial Condition