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SHERWIN FEDERAL CREDIT UNION

Mar, 31, 2021 — SHERWIN FEDERAL CREDIT UNION is a federal credit union headquartered in Portland, TX with 1 branch location and about $9.10 million in total assets. Opened 63 years ago in 1958, SHERWIN FEDERAL CREDIT UNION has about 1,853 members and employs 4 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)
PO Box 1294
Portland, TX 78374
Phone:(361) 704-9100
Fax:(361) 704-6966
Website:http://www.sherwinfcu.org
Branches:1 branch locations
Members:1,853
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:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,095,935
CEO/Manager:Sandra L Reyes
Chairperson:Jacob T Lopez

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,382,735
TOTAL INVESTMENTS 248,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 368,051
 Other Loans 2,857,175
 TOTAL LOANS 3,332,301
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,697
 Land And Building 0
 Other Fixed Assets 25,055
 NCUSIF Deposit 61,265
 All Other Assets 53,276
  TOTAL ASSETS 9,095,935
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 62,487
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,730,549
 Regular shares 4,464,456
 All Other Shares & Deposits 309,534
  TOTAL SHARES & DEPOSITS 6,504,539
  TOTAL LIABILITIES 6,567,026
 Regular Reserve 205,148
 Other Reserves 0
 Undivided Earnings 2,323,761
  TOTAL EQUITY 2,528,909
  TOTAL LIABILITIES, SHARES, & EQUITY 9,095,935
INCOME & EXPENSE  
 Loan Income 48,183
 Investment Income 1,286
 Other Income 18,627
 Total Employee Compensation & Benefits 37,377
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 55,181
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,200
 Cost of Funds 4,365
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -31,570
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