Sep, 30, 2025 — WELLSPRING FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGE CITY, TX with 5 branch locations and about $89.22 million in total assets. Opened 68 years ago in 1958, WELLSPRING FEDERAL CREDIT UNION has about 8,309 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: | WELLSPRING FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 150 E Round Bunch Rd BRIDGE CITY, TX 77611-3720 |
| Phone: | (409) 697-2461 |
| Fax: | (409) 697-1538 |
| Website: | https://www.wellspringcu.com |
| Branches: | 5 branch locations |
| Members: | 8,309 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12181 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $89,215,003 |
| CEO/Manager: | David L Meaux |
| Chairperson: | Stephen Gault |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,140,296 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,333,510 |
| Unsecured Loans | 9,266,526 |
| Other Loans | 53,668,091 |
| TOTAL LOANS | 67,946,805 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -709,370 |
| Land And Building | 2,862,259 |
| Other Fixed Assets | 178,198 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 694,801 |
| All Other Assets | 0 |
| TOTAL ASSETS | 89,215,003 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,203,277 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,009,859 |
| Regular shares | 38,233,846 |
| All Other Shares & Deposits | 26,119,267 |
| TOTAL SHARES & DEPOSITS | 80,362,972 |
| TOTAL LIABILITIES | 81,566,249 |
| Regular Reserve | 0 |
| Other Reserves | 823,972 |
| Undivided Earnings | 6,824,782 |
| TOTAL EQUITY | 7,648,754 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,215,003 |
| INCOME & EXPENSE | |
| Loan Income | 3,519,098 |
| Investment Income | 317,528 |
| Other Income | 548,983 |
| Total Employee Compensation & Benefits | 1,450,472 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,414,704 |
| Non-operating Income & (Expense) | 73,939 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,064,646 |
| Cost of Funds | 751,132 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -32,501 |
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