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BROWNFIELD FEDERAL CREDIT UNION

Dec, 31, 2020 — BROWNFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in Brownfield, TX with 1 branch location and about $13.19 million in total assets. Opened 61 years ago in 1960, BROWNFIELD FEDERAL CREDIT UNION has about 2,750 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BROWNFIELD FEDERAL CREDIT UNION
Address:
(Main Office)
201 W Hill St
Brownfield, TX 79316
Phone:(806) 637-2751
Fax:(806) 637-9223
Website:http://brownfieldfcu.com
Branches:1 branch locations
Members:2,750
Credit Union Type:Federal Credit Union
Charter Number:13873
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,187,353
CEO/Manager:Rhonda Duncan
Chairperson:Bill Grant

Call Report

  • Risk Based Loans
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 839,915
TOTAL INVESTMENTS 4,827,585
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 698,240
 Other Loans 6,508,142
 TOTAL LOANS 7,206,382
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,746
 Land And Building 165,792
 Other Fixed Assets 67,081
 NCUSIF Deposit 86,693
 All Other Assets 39,651
  TOTAL ASSETS 13,187,353
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,134
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,891,459
 All Other Shares & Deposits 393,661
  TOTAL SHARES & DEPOSITS 9,285,120
  TOTAL LIABILITIES 9,300,254
 Regular Reserve 344,925
 Other Reserves 0
 Undivided Earnings 3,542,174
  TOTAL EQUITY 3,887,099
  TOTAL LIABILITIES, SHARES, & EQUITY 13,187,353
INCOME & EXPENSE  
 Loan Income 487,553
 Investment Income 84,209
 Other Income 72,518
 Total Employee Compensation & Benefits 317,612
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 203,776
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,000
 Cost of Funds 4,677
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 91,215
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