Dec, 31, 2020 — HEREFORD TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in Hereford, TX with 2 branch locations and about $62.71 million in total assets. Opened 85 years ago in 1936, HEREFORD TEXAS FEDERAL CREDIT UNION has about 8,023 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEREFORD TEXAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 330 Schley Ave Hereford, TX 79045-5539 |
| Phone: | (806) 364-1888 |
| Fax: | (806) 364-8638 |
| Website: | http://www.htfcu.com |
| Branches: | 2 branch locations |
| Members: | 8,023 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1401 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,707,799 |
| CEO/Manager: | Brenda Fuentes |
| Chairperson: | Temple Abney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,880,159 |
| TOTAL INVESTMENTS | 20,163,369 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,413,624 |
| Other Loans | 31,145,122 |
| TOTAL LOANS | 33,558,746 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,063 |
| Land And Building | 3,287,248 |
| Other Fixed Assets | 221,700 |
| NCUSIF Deposit | 443,900 |
| All Other Assets | 377,740 |
| TOTAL ASSETS | 62,707,799 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,540,201 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,122,199 |
| Regular shares | 30,740,230 |
| All Other Shares & Deposits | 9,338,996 |
| TOTAL SHARES & DEPOSITS | 48,201,425 |
| TOTAL LIABILITIES | 49,741,626 |
| Regular Reserve | 925,955 |
| Other Reserves | 0 |
| Undivided Earnings | 12,040,218 |
| TOTAL EQUITY | 12,966,173 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,707,799 |
| INCOME & EXPENSE | |
| Loan Income | 2,436,326 |
| Investment Income | 247,903 |
| Other Income | 1,001,018 |
| Total Employee Compensation & Benefits | 1,314,916 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,169,002 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 108,000 |
| Cost of Funds | 173,775 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 919,554 |
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