Dec, 31, 2022 — HEREFORD TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in HEREFORD, TX with 2 branch locations and about $75.31 million in total assets. Opened 87 years ago in 1936, HEREFORD TEXAS FEDERAL CREDIT UNION has about 8,378 members and employs 21 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: | https://www.htfcu.com |
Branches: | 2 branch locations |
Members: | 8,378 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $75,312,461 |
CEO/Manager: | Brenda Fuentes |
Chairperson: | David A Collins |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,343,341 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,993,265 |
Other Loans | 44,323,691 |
TOTAL LOANS | 47,316,956 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -277,008 |
Land And Building | 3,780,961 |
Other Fixed Assets | 190,534 |
NCUSIF Deposit | 504,243 |
All Other Assets | 14,775 |
TOTAL ASSETS | 75,312,461 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,328,825 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,473,719 |
Regular shares | 38,488,076 |
All Other Shares & Deposits | 9,303,019 |
TOTAL SHARES & DEPOSITS | 58,264,814 |
TOTAL LIABILITIES | 60,593,639 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 14,718,822 |
TOTAL EQUITY | 14,718,822 |
TOTAL LIABILITIES, SHARES, & EQUITY | 75,312,461 |
INCOME & EXPENSE | |
Loan Income | 1,924,846 |
Investment Income | 109,060 |
Other Income | 783,091 |
Total Employee Compensation & Benefits | 996,227 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 973,403 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
Cost of Funds | 48,644 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 869,587 |
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