Dec, 31, 2021 — COCHRAN COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in MORTON, TX with 1 branch location and about $8.98 million in total assets. Opened 61 years ago in 1961, COCHRAN COUNTY SCHOOLS FEDERAL CREDIT UNION has about 839 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: | 839 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,977,760 |
CEO/Manager: | Eugenia A Dupler |
Chairperson: | Angela D Lewis |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,951,226 |
TOTAL INVESTMENTS | 2,681,705 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 537,400 |
Other Loans | 3,754,859 |
TOTAL LOANS | 4,292,259 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,713 |
Land And Building | 15,977 |
Other Fixed Assets | 7,678 |
NCUSIF Deposit | 74,016 |
All Other Assets | 12,612 |
TOTAL ASSETS | 8,977,760 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,014 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 51,669 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,981,133 |
All Other Shares & Deposits | 3,909,468 |
TOTAL SHARES & DEPOSITS | 7,890,601 |
TOTAL LIABILITIES | 7,950,284 |
Regular Reserve | 43,350 |
Other Reserves | 0 |
Undivided Earnings | 984,126 |
TOTAL EQUITY | 1,027,476 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,977,760 |
INCOME & EXPENSE | |
Loan Income | 390,860 |
Investment Income | 7,471 |
Other Income | 12,950 |
Total Employee Compensation & Benefits | 150,895 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 123,516 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
Cost of Funds | 52,730 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 77,791 |
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