Dec, 31, 2020 — U. S. I. FEDERAL CREDIT UNION is a federal credit union headquartered in Deer Park, TX with 1 branch location and about $15.93 million in total assets. Opened 62 years ago in 1959, U. S. I. FEDERAL CREDIT UNION has about 1,216 members and employs 3 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: | 1,216 |
| 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: | $15,932,221 |
| CEO/Manager: | Thomas F Butler |
| Chairperson: | Pat Perrone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,467,691 |
| TOTAL INVESTMENTS | 6,480,312 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 842,964 |
| Other Loans | 5,036,448 |
| TOTAL LOANS | 5,879,412 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,000 |
| Land And Building | 8,666 |
| Other Fixed Assets | 9,015 |
| NCUSIF Deposit | 101,550 |
| All Other Assets | 45,575 |
| TOTAL ASSETS | 15,932,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,888 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 131,553 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,447,368 |
| Regular shares | 8,967,316 |
| All Other Shares & Deposits | 249,521 |
| TOTAL SHARES & DEPOSITS | 10,664,205 |
| TOTAL LIABILITIES | 10,798,646 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,133,575 |
| TOTAL EQUITY | 5,133,575 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,932,221 |
| INCOME & EXPENSE | |
| Loan Income | 310,867 |
| Investment Income | 168,277 |
| Other Income | 117,361 |
| Total Employee Compensation & Benefits | 224,693 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 244,295 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,054 |
| Cost of Funds | 17,766 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 91,697 |
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