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SALT EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — SALT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND SALINE, TX with 1 branch location and about $1.85 million in total assets. Opened 59 years ago in 1962, SALT EMPLOYEES FEDERAL CREDIT UNION has about 366 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SALT EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 246
GRAND SALINE, TX 75140
Phone:(903) 962-5870
Fax:(903) 962-4522
Website:n/a
Branches:1 branch locations
Members:366
Credit Union Type:Federal Credit Union
Charter Number:15001
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1962
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,852,046
CEO/Manager:Patty L Carter
Chairperson:Paul D Rose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 467,987
TOTAL INVESTMENTS 396,500
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 178,985
 Other Loans 802,451
 TOTAL LOANS 981,436
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,162
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 9,478
 All Other Assets 3,807
  TOTAL ASSETS 1,852,046
LIABILITIES & CAPITAL:  
 Dividends Payable 102
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 98,852
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,059,430
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,059,430
  TOTAL LIABILITIES 1,158,384
 Regular Reserve 131,846
 Other Reserves 0
 Undivided Earnings 561,816
  TOTAL EQUITY 693,662
  TOTAL LIABILITIES, SHARES, & EQUITY 1,852,046
INCOME & EXPENSE  
 Loan Income 14,235
 Investment Income 444
 Other Income 0
 Total Employee Compensation & Benefits 10,272
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,439
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 500
 Cost of Funds 102
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -79
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