Mar, 31, 2021 — LA JOYA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in La Joya, TX with 3 branch locations and about $70.18 million in total assets. Opened 60 years ago in 1961, LA JOYA AREA FEDERAL CREDIT UNION has about 15,406 members and employs 38 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 |
|---|---|
| Address: (Main Office) | P.O. Box 1300 La Joya, TX 78560 |
| Phone: | (956) 585-6207 |
| Fax: | (956) 424-7411 |
| Website: | http://www.lajoyacreditunion.coop |
| Branches: | 3 branch locations |
| Members: | 15,406 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14734 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Oct 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $70,182,787 |
| CEO/Manager: | Johnn V Alaniz |
| Chairperson: | Belinda Garcia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,580,175 |
| TOTAL INVESTMENTS | 22,772,395 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,260,416 |
| Unsecured Loans | 5,900,670 |
| Other Loans | 18,462,795 |
| TOTAL LOANS | 31,623,881 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,007 |
| Land And Building | 1,390,791 |
| Other Fixed Assets | 170,633 |
| NCUSIF Deposit | 514,608 |
| All Other Assets | 265,311 |
| TOTAL ASSETS | 70,182,787 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,991 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,654,630 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,643,722 |
| Regular shares | 35,613,534 |
| All Other Shares & Deposits | 9,942,234 |
| TOTAL SHARES & DEPOSITS | 63,199,490 |
| TOTAL LIABILITIES | 64,857,111 |
| Regular Reserve | 362,602 |
| Other Reserves | 0 |
| Undivided Earnings | 4,963,074 |
| TOTAL EQUITY | 5,325,676 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,182,787 |
| INCOME & EXPENSE | |
| Loan Income | 566,954 |
| Investment Income | 61,621 |
| Other Income | 225,116 |
| Total Employee Compensation & Benefits | 420,585 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 592,176 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 33,902 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,797 |
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