Dec, 31, 2021 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 25 branch locations and about $3.95 billion in total assets. Opened 86 years ago in 1936, UNIVERSITY FEDERAL CREDIT UNION has about 346,455 members and employs 746 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: | http://www.ufcu.org |
| Branches: | 25 branch locations |
| Members: | 346,455 |
| 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: | $3,951,506,396 |
| CEO/Manager: | Tony C Budet |
| Chairperson: | Cale McDowell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 792,315,945 |
| TOTAL INVESTMENTS | 451,764,927 |
| Loans Held for Sale | 67,925,122 |
| Real Estate Loans | 1,113,061,118 |
| Unsecured Loans | 209,862,223 |
| Other Loans | 1,116,576,813 |
| TOTAL LOANS | 2,439,529,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,989,391 |
| Land And Building | 70,059,752 |
| Other Fixed Assets | 12,414,815 |
| NCUSIF Deposit | 31,525,665 |
| All Other Assets | 99,959,617 |
| TOTAL ASSETS | 3,951,506,396 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 145 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 69,827,636 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,310,534,361 |
| Regular shares | 1,149,769,194 |
| All Other Shares & Deposits | 1,129,538,500 |
| TOTAL SHARES & DEPOSITS | 3,589,842,055 |
| TOTAL LIABILITIES | 3,659,669,836 |
| Regular Reserve | 8,004,560 |
| Other Reserves | -8,440,758 |
| Undivided Earnings | 292,272,758 |
| TOTAL EQUITY | 291,836,560 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,951,506,396 |
| INCOME & EXPENSE | |
| Loan Income | 102,360,178 |
| Investment Income | 3,231,488 |
| Other Income | 22,885,952 |
| Total Employee Compensation & Benefits | 104,780,234 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 65,026,494 |
| Non-operating Income & (Expense) | 612,637 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,042,688 |
| Cost of Funds | 5,574,107 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,394,749 |
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