Jun, 30, 2024 — U. S. I. FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 1 branch location and about $17.95 million in total assets. Opened 65 years ago in 1959, U. S. I. FEDERAL CREDIT UNION has about 1,187 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) | 1515 Miller Cut Off RD LA PORTE, TX 77571 |
| Phone: | (713) 209-1310 |
| Fax: | (713) 209-1251 |
| Website: | https://usifcu.com |
| Branches: | 1 branch locations |
| Members: | 1,187 |
| 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: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,951,391 |
| CEO/Manager: | Thomas F Butler |
| Chairperson: | Pat Boyle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,821,237 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,009,542 |
| Unsecured Loans | 1,543,664 |
| Other Loans | 7,635,845 |
| TOTAL LOANS | 13,356,657 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,197 |
| Land And Building | 2,103 |
| Other Fixed Assets | 94,801 |
| NCUSIF Deposit | 119,604 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,951,391 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 301,195 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,923,976 |
| Regular shares | 10,287,409 |
| All Other Shares & Deposits | 201,848 |
| TOTAL SHARES & DEPOSITS | 12,413,233 |
| TOTAL LIABILITIES | 12,714,428 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,236,963 |
| TOTAL EQUITY | 5,236,963 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,951,391 |
| INCOME & EXPENSE | |
| Loan Income | 444,480 |
| Investment Income | 52,597 |
| Other Income | 40,538 |
| Total Employee Compensation & Benefits | 237,677 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 380,600 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,032 |
| Cost of Funds | 2,995 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -20,690 |
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