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PECO FEDERAL CREDIT UNION

Dec, 31, 2020 — PECO FEDERAL CREDIT UNION is a federal credit union headquartered in Mineral Wells, TX with 1 branch location and about $4.52 million in total assets. Opened 64 years ago in 1957, PECO FEDERAL CREDIT UNION has about 847 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PECO FEDERAL CREDIT UNION
Address:
(Main Office)
6201 Hwy 180 East
Mineral Wells, TX 76067
Phone:(940) 325-8900
Fax:(940) 325-8911
Website:n/a
Branches:1 branch locations
Members:847
Credit Union Type:Federal Credit Union
Charter Number:11761
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,516,713
CEO/Manager:Dale W Young
Chairperson:Kenneth R Greenleaf, Jr.

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 668,985
TOTAL INVESTMENTS 1,591,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 62,915
 Other Loans 2,162,727
 TOTAL LOANS 2,225,642
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,881
 Land And Building 30,342
 Other Fixed Assets 0
 NCUSIF Deposit 38,632
 All Other Assets 10,993
  TOTAL ASSETS 4,516,713
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,523
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,410,847
 All Other Shares & Deposits 640,106
  TOTAL SHARES & DEPOSITS 4,050,953
  TOTAL LIABILITIES 4,067,476
 Regular Reserve 37,308
 Other Reserves 0
 Undivided Earnings 411,929
  TOTAL EQUITY 449,237
  TOTAL LIABILITIES, SHARES, & EQUITY 4,516,713
INCOME & EXPENSE  
 Loan Income 192,763
 Investment Income 40,379
 Other Income 527
 Total Employee Compensation & Benefits 161,695
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 45,674
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 15,686
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,614
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