Dec, 31, 2020 — CHEROKEE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in Rusk, TX with 1 branch location and about $40.35 million in total assets. Opened 61 years ago in 1960, CHEROKEE COUNTY FEDERAL CREDIT UNION has about 4,658 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHEROKEE COUNTY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | P O Box 589 Rusk, TX 75785 |
Phone: | (903) 683-2527 |
Fax: | (903) 683-3409 |
Website: | http://www.cherokeecountyfcu.com |
Branches: | 1 branch locations |
Members: | 4,658 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13591 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,348,666 |
CEO/Manager: | Kim De Leon |
Chairperson: | James Campbell |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 7,570,842 |
TOTAL INVESTMENTS | 41,784 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,482 |
Unsecured Loans | 1,331,082 |
Other Loans | 30,266,319 |
TOTAL LOANS | 31,619,781 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -300,303 |
Land And Building | 888,376 |
Other Fixed Assets | 58,554 |
NCUSIF Deposit | 271,903 |
All Other Assets | 197,729 |
TOTAL ASSETS | 40,348,666 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 74,831 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,429,609 |
Regular shares | 13,681,576 |
All Other Shares & Deposits | 10,011,798 |
TOTAL SHARES & DEPOSITS | 31,122,983 |
TOTAL LIABILITIES | 31,197,814 |
Regular Reserve | 1,269,478 |
Other Reserves | 0 |
Undivided Earnings | 7,881,374 |
TOTAL EQUITY | 9,150,852 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,348,666 |
INCOME & EXPENSE | |
Loan Income | 1,894,591 |
Investment Income | 9,447 |
Other Income | 372,057 |
Total Employee Compensation & Benefits | 697,834 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 557,774 |
Non-operating Income & (Expense) | 181,020 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 223,101 |
Cost of Funds | 213,706 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 764,700 |
↑ Back to Top |