HILCO FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.hilcocu.com for more information.
Dec, 31, 2023 — HILCO FEDERAL CREDIT UNION is a federal credit union headquartered in KERRVILLE, TX with 1 branch location and about $6.62 million in total assets. Opened 64 years ago in 1960, HILCO FEDERAL CREDIT UNION has about 956 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HILCO FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 291717 KERRVILLE, TX 78029-1717 |
Phone: | (830) 257-8238 |
Fax: | (830) 792-6865 |
Website: | https://www.hilcocu.com |
Branches: | 1 branch locations |
Members: | 956 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14001 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,623,035 |
CEO/Manager: | Sandy R Lumbley |
Chairperson: | Mary S Krebs |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,023,728 |
TOTAL INVESTMENTS | 499,675 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,210,484 |
Other Loans | 3,015,887 |
TOTAL LOANS | 4,226,371 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,821 |
Land And Building | 726,355 |
Other Fixed Assets | 10,210 |
NCUSIF Deposit | 56,620 |
All Other Assets | 114,897 |
TOTAL ASSETS | 6,623,035 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 99,192 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 740,566 |
Regular shares | 2,878,334 |
All Other Shares & Deposits | 2,566,473 |
TOTAL SHARES & DEPOSITS | 6,185,373 |
TOTAL LIABILITIES | 6,284,565 |
Regular Reserve | 175,000 |
Other Reserves | 0 |
Undivided Earnings | 163,470 |
TOTAL EQUITY | 338,470 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,623,035 |
INCOME & EXPENSE | |
Loan Income | 237,480 |
Investment Income | 14,570 |
Other Income | 103,204 |
Total Employee Compensation & Benefits | 145,475 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 141,989 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,700 |
Cost of Funds | 37,359 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,269 |
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