Dec, 31, 2021 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 25 branch locations and about $3.95 billion in total assets. Opened 86 years ago in 1936, UNIVERSITY FEDERAL CREDIT UNION has about 346,455 members and employs 746 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 8303 N Mo Pac Expy AUSTIN, TX 78759-8501 |
Phone: | (512) 467-8080 |
Fax: | |
Website: | http://www.ufcu.org |
Branches: | 25 branch locations |
Members: | 346,455 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1367 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,951,506,396 |
CEO/Manager: | Tony C Budet |
Chairperson: | Cale McDowell |
ASSETS: | $ Amount |
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Cash & Equivalents | 792,315,945 |
TOTAL INVESTMENTS | 451,764,927 |
Loans Held for Sale | 67,925,122 |
Real Estate Loans | 1,113,061,118 |
Unsecured Loans | 209,862,223 |
Other Loans | 1,116,576,813 |
TOTAL LOANS | 2,439,529,944 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,989,391 |
Land And Building | 70,059,752 |
Other Fixed Assets | 12,414,815 |
NCUSIF Deposit | 31,525,665 |
All Other Assets | 99,959,617 |
TOTAL ASSETS | 3,951,506,396 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 145 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 69,827,636 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,310,534,361 |
Regular shares | 1,149,769,194 |
All Other Shares & Deposits | 1,129,538,500 |
TOTAL SHARES & DEPOSITS | 3,589,842,055 |
TOTAL LIABILITIES | 3,659,669,836 |
Regular Reserve | 8,004,560 |
Other Reserves | -8,440,758 |
Undivided Earnings | 292,272,758 |
TOTAL EQUITY | 291,836,560 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,951,506,396 |
INCOME & EXPENSE | |
Loan Income | 102,360,178 |
Investment Income | 3,231,488 |
Other Income | 22,885,952 |
Total Employee Compensation & Benefits | 104,780,234 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 65,026,494 |
Non-operating Income & (Expense) | 612,637 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,042,688 |
Cost of Funds | 5,574,107 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 31,394,749 |
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