Dec, 31, 2023 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 27 branch locations and about $4.04 billion in total assets. Opened 88 years ago in 1936, UNIVERSITY FEDERAL CREDIT UNION has about 375,224 members and employs 770 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: | 27 branch locations |
Members: | 375,224 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,042,447,342 |
CEO/Manager: | Michael E Crowl |
Chairperson: | Cale McDowell |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 265,136,578 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 14,062,160 |
Real Estate Loans | 1,468,149,992 |
Unsecured Loans | 291,984,297 |
Other Loans | 1,373,090,655 |
TOTAL LOANS | 3,133,382,233 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,342,648 |
Land And Building | 80,399,198 |
Other Fixed Assets | 55,066,436 |
NCUSIF Deposit | 31,991,176 |
All Other Assets | 847,332 |
TOTAL ASSETS | 4,042,447,342 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 82 |
Notes & Interest Payable | 251,000,000 |
Accounts Payable & Other Liabilities | 120,931,316 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,177,432,670 |
Regular shares | 977,530,774 |
All Other Shares & Deposits | 1,211,027,377 |
TOTAL SHARES & DEPOSITS | 3,365,990,820 |
TOTAL LIABILITIES | 3,737,977,210 |
Regular Reserve | 0 |
Other Reserves | -40,012,134 |
Undivided Earnings | 344,482,266 |
TOTAL EQUITY | 304,470,132 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,042,447,342 |
INCOME & EXPENSE | |
Loan Income | 148,840,519 |
Investment Income | 10,193,538 |
Other Income | 26,381,784 |
Total Employee Compensation & Benefits | 103,496,849 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 75,419,737 |
Non-operating Income & (Expense) | -473,841 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,703,366 |
Cost of Funds | 22,308,841 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,501,384 |
↑ Back to Top |