Sep, 30, 2025 — DUGOOD FEDERAL CREDIT UNION is a federal credit union headquartered in BEAUMONT, TX with 13 branch locations and about $585.61 million in total assets. Opened 64 years ago in 1962, DUGOOD FEDERAL CREDIT UNION has about 37,211 members and employs 137 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DUGOOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7505 Eastex Fwy Ste B BEAUMONT, TX 77708 |
| Phone: | (409) 899-3430 |
| Fax: | (409) 892-1794 |
| Website: | https://www.dugood.org |
| Branches: | 13 branch locations |
| Members: | 37,211 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15146 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $585,605,863 |
| CEO/Manager: | Clint Wilson |
| Chairperson: | Larry Ducharme |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,581,289 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 250,355,122 |
| Unsecured Loans | 19,754,262 |
| Other Loans | 120,988,177 |
| TOTAL LOANS | 394,050,635 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,669,396 |
| Land And Building | 9,360,843 |
| Other Fixed Assets | 1,298,201 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,247,189 |
| All Other Assets | 0 |
| TOTAL ASSETS | 585,605,863 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 579,853 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,368,980 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 125,506,240 |
| Regular shares | 173,242,096 |
| All Other Shares & Deposits | 204,855,645 |
| TOTAL SHARES & DEPOSITS | 503,603,981 |
| TOTAL LIABILITIES | 510,552,814 |
| Regular Reserve | 0 |
| Other Reserves | 3,722,003 |
| Undivided Earnings | 71,331,046 |
| TOTAL EQUITY | 75,053,049 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 585,605,863 |
| INCOME & EXPENSE | |
| Loan Income | 15,316,400 |
| Investment Income | 4,654,547 |
| Other Income | 3,845,945 |
| Total Employee Compensation & Benefits | 7,372,482 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,826,871 |
| Non-operating Income & (Expense) | 1,390 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 743,880 |
| Cost of Funds | 5,239,500 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,008,676 |
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