Dec, 31, 2021 — BROWNFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNFIELD, TX with 1 branch location and about $13.26 million in total assets. Opened 62 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 |
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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 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,256,213 |
CEO/Manager: | Rhonda Duncan |
Chairperson: | Bill Grant |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,233,200 |
TOTAL INVESTMENTS | 4,583,585 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 669,302 |
Other Loans | 6,452,752 |
TOTAL LOANS | 7,122,054 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,432 |
Land And Building | 166,410 |
Other Fixed Assets | 55,471 |
NCUSIF Deposit | 92,851 |
All Other Assets | 47,074 |
TOTAL ASSETS | 13,256,213 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,213 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 8,913,614 |
All Other Shares & Deposits | 389,385 |
TOTAL SHARES & DEPOSITS | 9,302,999 |
TOTAL LIABILITIES | 9,306,212 |
Regular Reserve | 344,925 |
Other Reserves | 0 |
Undivided Earnings | 3,605,076 |
TOTAL EQUITY | 3,950,001 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,256,213 |
INCOME & EXPENSE | |
Loan Income | 486,215 |
Investment Income | 30,794 |
Other Income | 29,398 |
Total Employee Compensation & Benefits | 335,827 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 195,432 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 4,708 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 62,902 |
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