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LITTLEFIELD SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — LITTLEFIELD SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Littlefield, TX with 1 branch location and about $1.13 million in total assets. Opened 63 years ago in 1958, LITTLEFIELD SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 225 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LITTLEFIELD SCHOOL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. Box 567
Littlefield, TX 79339
Phone:(806) 385-4791
Fax:(806) 385-4791
Website:n/a
Branches:1 branch locations
Members:225
Credit Union Type:Federal Credit Union
Charter Number:12289
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1958
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,126,637
CEO/Manager:Cari McCurry
Chairperson:Brette Southard

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 325,865
TOTAL INVESTMENTS 406,428
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 220,066
 Other Loans 168,214
 TOTAL LOANS 388,280
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,619
 Land And Building 0
 Other Fixed Assets 838
 NCUSIF Deposit 9,379
 All Other Assets 466
  TOTAL ASSETS 1,126,637
LIABILITIES & CAPITAL:  
 Dividends Payable 644
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,095
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 952,823
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 952,823
  TOTAL LIABILITIES 955,562
 Regular Reserve 19,820
 Other Reserves 0
 Undivided Earnings 151,255
  TOTAL EQUITY 171,075
  TOTAL LIABILITIES, SHARES, & EQUITY 1,126,637
INCOME & EXPENSE  
 Loan Income 32,288
 Investment Income 6,583
 Other Income 187
 Total Employee Compensation & Benefits 18,940
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,461
 Non-operating Income & (Expense) 2,266
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,125
 Cost of Funds 2,940
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,858
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