Mar, 31, 2021 — U. S. I. FEDERAL CREDIT UNION is a federal credit union headquartered in Deer Park, TX with 1 branch location and about $15.96 million in total assets. Opened 62 years ago in 1959, U. S. I. FEDERAL CREDIT UNION has about 1,213 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: | U. S. I. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box D Deer Park, TX 77536 |
| Phone: | (713) 209-1310 |
| Fax: | (713) 209-1251 |
| Website: | http://usifcu.com |
| Branches: | 1 branch locations |
| Members: | 1,213 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13132 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,959,588 |
| CEO/Manager: | Thomas F Butler |
| Chairperson: | Pat Perrone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,902,939 |
| TOTAL INVESTMENTS | 5,130,312 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 825,846 |
| Other Loans | 4,988,805 |
| TOTAL LOANS | 5,814,651 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,000 |
| Land And Building | 7,771 |
| Other Fixed Assets | 24,036 |
| NCUSIF Deposit | 101,550 |
| All Other Assets | 38,329 |
| TOTAL ASSETS | 15,959,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,963 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,448 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,592,624 |
| Regular shares | 8,943,638 |
| All Other Shares & Deposits | 249,965 |
| TOTAL SHARES & DEPOSITS | 10,786,227 |
| TOTAL LIABILITIES | 10,827,638 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,131,950 |
| TOTAL EQUITY | 5,131,950 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,959,588 |
| INCOME & EXPENSE | |
| Loan Income | 87,598 |
| Investment Income | 30,868 |
| Other Income | 5,107 |
| Total Employee Compensation & Benefits | 59,898 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 70,039 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,153 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,540 |
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