Sep, 30, 2025 — SHERWIN FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, TX with 1 branch location and about $6.97 million in total assets. Opened 68 years ago in 1958, SHERWIN FEDERAL CREDIT UNION has about 1,908 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: | SHERWIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 607 8th St PORTLAND, TX 78374 |
| Phone: | (361) 704-9100 |
| Fax: | (361) 704-6966 |
| Website: | https://www.sherwinfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,908 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12259 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,973,444 |
| CEO/Manager: | SANDRA REYES |
| Chairperson: | Jacob T Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,410,714 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 306,105 |
| Other Loans | 3,136,073 |
| TOTAL LOANS | 3,444,763 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,199 |
| Land And Building | 0 |
| Other Fixed Assets | 554,437 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 46,752 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,973,444 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,611 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 949,040 |
| Regular shares | 3,603,590 |
| All Other Shares & Deposits | 837 |
| TOTAL SHARES & DEPOSITS | 4,553,468 |
| TOTAL LIABILITIES | 4,614,079 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,359,365 |
| TOTAL EQUITY | 2,359,365 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,973,444 |
| INCOME & EXPENSE | |
| Loan Income | 155,842 |
| Investment Income | 64,996 |
| Other Income | 46,899 |
| Total Employee Compensation & Benefits | 127,596 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 208,597 |
| Non-operating Income & (Expense) | 22,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,966 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,503 |
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