Dec, 31, 2023 — LEFORS FEDERAL CREDIT UNION is a federal credit union headquartered in LEFORS, TX with 1 branch location and about $3.40 million in total assets. Opened 64 years ago in 1960, LEFORS FEDERAL CREDIT UNION has about 573 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEFORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 117 E. 2nd st LEFORS, TX 79054 |
| Phone: | (806) 835-2773 |
| Fax: | (806) 835-2515 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 573 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13777 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Nov 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,402,915 |
| CEO/Manager: | Ashley Taylor |
| Chairperson: | Amanda J Murray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,198,076 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,507 |
| Unsecured Loans | 238,554 |
| Other Loans | 1,776,688 |
| TOTAL LOANS | 2,156,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,244 |
| Land And Building | 3,200 |
| Other Fixed Assets | 970 |
| NCUSIF Deposit | 30,954 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,402,915 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,553 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,811 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,699,810 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,699,810 |
| TOTAL LIABILITIES | 2,706,174 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 696,741 |
| TOTAL EQUITY | 696,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,402,915 |
| INCOME & EXPENSE | |
| Loan Income | 138,525 |
| Investment Income | 36,417 |
| Other Income | 5,214 |
| Total Employee Compensation & Benefits | 71,984 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 111,538 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,391 |
| Cost of Funds | 5,884 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,750 |
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