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 |
| 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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