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