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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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