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 |
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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 |
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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 |
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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 |
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