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 |
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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 |
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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 |
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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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