Dec, 31, 2023 — COCHRAN COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in MORTON, TX with 1 branch location and about $8.63 million in total assets. Opened 63 years ago in 1961, COCHRAN COUNTY SCHOOLS FEDERAL CREDIT UNION has about 856 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COCHRAN COUNTY SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 118 SW 1st ST MORTON, TX 79346-3010 |
Phone: | (806) 266-5721 |
Fax: | (806) 266-1141 |
Website: | https://www.cochrancountyschoolsfcu.com/ |
Branches: | 1 branch locations |
Members: | 856 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14166 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,627,955 |
CEO/Manager: | Eugenia A Dupler |
Chairperson: | Angela D Lewis |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,427,180 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 631,206 |
Other Loans | 4,334,137 |
TOTAL LOANS | 4,965,343 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,639 |
Land And Building | 30,659 |
Other Fixed Assets | 4,694 |
NCUSIF Deposit | 74,122 |
All Other Assets | 0 |
TOTAL ASSETS | 8,627,955 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 49,109 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 49,575 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,902,621 |
All Other Shares & Deposits | 3,379,250 |
TOTAL SHARES & DEPOSITS | 7,281,871 |
TOTAL LIABILITIES | 7,380,555 |
Regular Reserve | 0 |
Other Reserves | 43,350 |
Undivided Earnings | 1,204,050 |
TOTAL EQUITY | 1,247,400 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,627,955 |
INCOME & EXPENSE | |
Loan Income | 481,493 |
Investment Income | 118,183 |
Other Income | 17,374 |
Total Employee Compensation & Benefits | 148,599 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 148,737 |
Non-operating Income & (Expense) | 26,764 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,000 |
Cost of Funds | 192,423 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 70,055 |
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» See also Statement of Financial Condition