Dec, 31, 2021 — U. S. I. FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 1 branch location and about $17.57 million in total assets. Opened 63 years ago in 1959, U. S. I. FEDERAL CREDIT UNION has about 1,152 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: | http://usifcu.com |
| Branches: | 1 branch locations |
| Members: | 1,152 |
| 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: | $17,570,142 |
| CEO/Manager: | Thomas F Butler |
| Chairperson: | Pat Perrone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,133,318 |
| TOTAL INVESTMENTS | 3,405,312 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 123,097 |
| Unsecured Loans | 1,236,812 |
| Other Loans | 5,672,510 |
| TOTAL LOANS | 7,032,419 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,328 |
| Land And Building | 4,788 |
| Other Fixed Assets | 103,877 |
| NCUSIF Deposit | 106,642 |
| All Other Assets | -170,886 |
| TOTAL ASSETS | 17,570,142 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 352,119 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,883,838 |
| Regular shares | 9,871,997 |
| All Other Shares & Deposits | 204,536 |
| TOTAL SHARES & DEPOSITS | 11,960,371 |
| TOTAL LIABILITIES | 12,312,490 |
| Regular Reserve | 71,091 |
| Other Reserves | 0 |
| Undivided Earnings | 5,186,561 |
| TOTAL EQUITY | 5,257,652 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,570,142 |
| INCOME & EXPENSE | |
| Loan Income | 390,805 |
| Investment Income | 92,023 |
| Other Income | 56,802 |
| Total Employee Compensation & Benefits | 221,527 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 272,796 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 11,572 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 124,077 |
| ↑ Back to Top | |