Mar, 31, 2021 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 23 branch locations and about $3.66 billion in total assets. Opened 85 years ago in 1936, UNIVERSITY FEDERAL CREDIT UNION has about 332,521 members and employs 741 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: | 332,521 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,659,727,552 |
| CEO/Manager: | Tony C Budet |
| Chairperson: | Cale McDowell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 902,270,786 |
| TOTAL INVESTMENTS | 133,935,474 |
| Loans Held for Sale | 102,179,116 |
| Real Estate Loans | 1,044,457,866 |
| Unsecured Loans | 216,852,735 |
| Other Loans | 1,040,550,643 |
| TOTAL LOANS | 2,301,894,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,911,879 |
| Land And Building | 66,850,997 |
| Other Fixed Assets | 13,969,335 |
| NCUSIF Deposit | 26,527,221 |
| All Other Assets | 130,011,753 |
| TOTAL ASSETS | 3,659,727,552 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 100 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,195,731 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,180,761,400 |
| Regular shares | 1,002,486,416 |
| All Other Shares & Deposits | 1,125,543,558 |
| TOTAL SHARES & DEPOSITS | 3,308,791,374 |
| TOTAL LIABILITIES | 3,386,987,205 |
| Regular Reserve | 8,004,560 |
| Other Reserves | -3,160,252 |
| Undivided Earnings | 267,896,039 |
| TOTAL EQUITY | 272,740,347 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,659,727,552 |
| INCOME & EXPENSE | |
| Loan Income | 25,501,332 |
| Investment Income | 266,587 |
| Other Income | 5,247,727 |
| Total Employee Compensation & Benefits | 25,225,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,624,204 |
| Non-operating Income & (Expense) | 3,815,291 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,872,895 |
| Cost of Funds | 1,647,915 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,018,030 |
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