Jun, 30, 2024 — 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 88 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 |
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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 |
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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 |
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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 |
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