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SHERWIN FEDERAL CREDIT UNION

Dec, 31, 2020 — SHERWIN FEDERAL CREDIT UNION is a federal credit union headquartered in Portland, TX with 1 branch location and about $8.75 million in total assets. Opened 63 years ago in 1958, SHERWIN FEDERAL CREDIT UNION has about 1,849 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:1,849
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$8,746,825
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 4,854,447
TOTAL INVESTMENTS 248,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 403,002
 Other Loans 3,024,662
 TOTAL LOANS 3,540,015
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,732
 Land And Building 0
 Other Fixed Assets 26,378
 NCUSIF Deposit 48,913
 All Other Assets 31,804
  TOTAL ASSETS 8,746,825
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,853
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,079,806
 Regular shares 3,737,724
 All Other Shares & Deposits 308,962
  TOTAL SHARES & DEPOSITS 6,126,492
  TOTAL LIABILITIES 6,186,345
 Regular Reserve 205,149
 Other Reserves 0
 Undivided Earnings 2,355,331
  TOTAL EQUITY 2,560,480
  TOTAL LIABILITIES, SHARES, & EQUITY 8,746,825
INCOME & EXPENSE  
 Loan Income 214,169
 Investment Income 31,639
 Other Income 140,649
 Total Employee Compensation & Benefits 165,047
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 221,676
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -18,862
 Cost of Funds 15,797
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,799
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