Dec, 31, 2023 — LA JOYA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in PALMVIEW, TX with 3 branch locations and about $63.95 million in total assets. Opened 63 years ago in 1961, LA JOYA AREA FEDERAL CREDIT UNION has about 15,149 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LA JOYA AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 317 S Bentsen Palm DR PALMVIEW, TX 78572 |
Phone: | (956) 585-6207 |
Fax: | (956) 424-7411 |
Website: | https://www.lajoyacreditunion.coop |
Branches: | 3 branch locations |
Members: | 15,149 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14734 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,954,771 |
CEO/Manager: | Johnn V Alaniz |
Chairperson: | Everardo Villarreal |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,288,344 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,012,914 |
Unsecured Loans | 7,630,219 |
Other Loans | 21,943,642 |
TOTAL LOANS | 39,586,774 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -251,640 |
Land And Building | 1,292,082 |
Other Fixed Assets | 187,459 |
NCUSIF Deposit | 574,659 |
All Other Assets | 33,178 |
TOTAL ASSETS | 63,954,771 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,351 |
Notes & Interest Payable | 1,000,000 |
Accounts Payable & Other Liabilities | 637,832 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,055,758 |
Regular shares | 32,064,823 |
All Other Shares & Deposits | 9,729,704 |
TOTAL SHARES & DEPOSITS | 55,850,285 |
TOTAL LIABILITIES | 57,491,468 |
Regular Reserve | 0 |
Other Reserves | 362,602 |
Undivided Earnings | 6,100,701 |
TOTAL EQUITY | 6,463,303 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,954,771 |
INCOME & EXPENSE | |
Loan Income | 2,677,810 |
Investment Income | 175,105 |
Other Income | 1,064,842 |
Total Employee Compensation & Benefits | 1,643,929 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,409,291 |
Non-operating Income & (Expense) | 351,780 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 231,247 |
Cost of Funds | 193,574 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 687,489 |
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