Dec, 31, 2020 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 23 branch locations and about $3.34 billion in total assets. Opened 85 years ago in 1936, UNIVERSITY FEDERAL CREDIT UNION has about 328,290 members and employs 730 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) | PO BOX 9350 AUSTIN, TX 78766 |
| Phone: | (512) 467-8080 |
| Fax: | |
| Website: | http://www.ufcu.org |
| Branches: | 23 branch locations |
| Members: | 328,290 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,340,852,608 |
| CEO/Manager: | Tony C Budet |
| Chairperson: | D M Harris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 675,810,502 |
| TOTAL INVESTMENTS | 4,271,966 |
| Loans Held for Sale | 82,214,540 |
| Real Estate Loans | 1,122,425,039 |
| Unsecured Loans | 227,711,618 |
| Other Loans | 1,021,668,943 |
| TOTAL LOANS | 2,371,845,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,305,905 |
| Land And Building | 67,157,348 |
| Other Fixed Assets | 14,405,799 |
| NCUSIF Deposit | 26,527,221 |
| All Other Assets | 116,926,047 |
| TOTAL ASSETS | 3,340,852,608 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 90 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 71,178,102 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,049,226,734 |
| Regular shares | 853,656,047 |
| All Other Shares & Deposits | 1,098,070,501 |
| TOTAL SHARES & DEPOSITS | 3,000,953,282 |
| TOTAL LIABILITIES | 3,072,131,474 |
| Regular Reserve | 8,004,560 |
| Other Reserves | -161,435 |
| Undivided Earnings | 260,878,009 |
| TOTAL EQUITY | 268,721,134 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,340,852,608 |
| INCOME & EXPENSE | |
| Loan Income | 104,681,729 |
| Investment Income | 952,270 |
| Other Income | 107,321,985 |
| Total Employee Compensation & Benefits | 100,381,135 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 62,805,217 |
| Non-operating Income & (Expense) | 1,329,802 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,218,351 |
| Cost of Funds | 8,499,807 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,381,276 |
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