Jun, 30, 2021 — UNION FIDELITY FEDERAL CREDIT UNION is a federal credit union headquartered in Houston, TX with 1 branch location and about $23.73 million in total assets. Opened 59 years ago in 1962, UNION FIDELITY FEDERAL CREDIT UNION has about 4,419 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNION FIDELITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1415 North Loop W Ste 110 Houston, TX 77008 |
| Phone: | (713) 869-9053 |
| Fax: | (713) 869-0846 |
| Website: | http://unionfidelityfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,419 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15049 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,729,410 |
| CEO/Manager: | Karen Montgomery |
| Chairperson: | Michael Cramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,985,338 |
| TOTAL INVESTMENTS | 12,277,588 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,121,243 |
| Unsecured Loans | 1,005,542 |
| Other Loans | 6,210,828 |
| TOTAL LOANS | 8,337,613 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -181,975 |
| Land And Building | 0 |
| Other Fixed Assets | 14,053 |
| NCUSIF Deposit | 181,182 |
| All Other Assets | 115,611 |
| TOTAL ASSETS | 23,729,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 38,671 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 121,019 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,981,021 |
| Regular shares | 14,834,455 |
| All Other Shares & Deposits | 2,709,320 |
| TOTAL SHARES & DEPOSITS | 19,524,796 |
| TOTAL LIABILITIES | 19,684,486 |
| Regular Reserve | 191,258 |
| Other Reserves | 0 |
| Undivided Earnings | 3,853,666 |
| TOTAL EQUITY | 4,044,924 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,729,410 |
| INCOME & EXPENSE | |
| Loan Income | 318,809 |
| Investment Income | 86,752 |
| Other Income | 79,517 |
| Total Employee Compensation & Benefits | 161,674 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 215,812 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,000 |
| Cost of Funds | 20,714 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 118,217 |
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