Mar, 31, 2021 — CHEROKEE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in Rusk, TX with 1 branch location and about $42.76 million in total assets. Opened 61 years ago in 1960, CHEROKEE COUNTY FEDERAL CREDIT UNION has about 4,689 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: | 4,689 |
| 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: | $42,757,994 |
| CEO/Manager: | Kim De Leon |
| Chairperson: | James Campbell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,192,034 |
| TOTAL INVESTMENTS | 41,784 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,470 |
| Unsecured Loans | 1,266,879 |
| Other Loans | 31,921,520 |
| TOTAL LOANS | 33,201,359 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -314,017 |
| Land And Building | 905,437 |
| Other Fixed Assets | 223,296 |
| NCUSIF Deposit | 310,867 |
| All Other Assets | 197,234 |
| TOTAL ASSETS | 42,757,994 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,840 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,064,545 |
| Regular shares | 15,178,093 |
| All Other Shares & Deposits | 10,065,631 |
| TOTAL SHARES & DEPOSITS | 33,308,269 |
| TOTAL LIABILITIES | 33,403,109 |
| Regular Reserve | 1,269,478 |
| Other Reserves | 0 |
| Undivided Earnings | 8,085,407 |
| TOTAL EQUITY | 9,354,885 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,757,994 |
| INCOME & EXPENSE | |
| Loan Income | 484,474 |
| Investment Income | 247 |
| Other Income | 77,946 |
| Total Employee Compensation & Benefits | 172,811 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 146,434 |
| Non-operating Income & (Expense) | 23,777 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,472 |
| Cost of Funds | 41,997 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 180,848 |
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