Sep, 30, 2022 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 26 branch locations and about $3.87 billion in total assets. Opened 87 years ago in 1936, UNIVERSITY FEDERAL CREDIT UNION has about 356,945 members and employs 787 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 |
|---|---|
| Address: (Main Office) | 8303 N Mo Pac Expy AUSTIN, TX 78759-8501 |
| Phone: | (512) 467-8080 |
| Fax: | |
| Website: | https://www.ufcu.org |
| Branches: | 26 branch locations |
| Members: | 356,945 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1367 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,868,183,093 |
| CEO/Manager: | Tony C Budet |
| Chairperson: | Cale McDowell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 300,863,537 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 11,368,367 |
| Real Estate Loans | 1,374,858,971 |
| Unsecured Loans | 227,492,548 |
| Other Loans | 1,262,586,631 |
| TOTAL LOANS | 2,864,966,494 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,735,869 |
| Land And Building | 71,739,130 |
| Other Fixed Assets | 52,418,518 |
| NCUSIF Deposit | 32,937,675 |
| All Other Assets | 621,161 |
| TOTAL ASSETS | 3,868,183,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 134 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 112,511,713 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,392,452,450 |
| Regular shares | 1,194,304,964 |
| All Other Shares & Deposits | 904,394,704 |
| TOTAL SHARES & DEPOSITS | 3,491,152,118 |
| TOTAL LIABILITIES | 3,603,663,965 |
| Regular Reserve | 0 |
| Other Reserves | -57,588,484 |
| Undivided Earnings | 322,107,612 |
| TOTAL EQUITY | 264,519,128 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,868,183,093 |
| INCOME & EXPENSE | |
| Loan Income | 80,219,201 |
| Investment Income | 7,620,995 |
| Other Income | 20,227,608 |
| Total Employee Compensation & Benefits | 81,543,701 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,402,600 |
| Non-operating Income & (Expense) | 4,085,427 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,485,985 |
| Cost of Funds | 2,629,711 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,830,294 |
| ↑ Back to Top | |