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 |
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