Dec, 31, 2023 — DUGOOD FEDERAL CREDIT UNION is a federal credit union headquartered in BEAUMONT, TX with 12 branch locations and about $507.07 million in total assets. Opened 62 years ago in 1962, DUGOOD FEDERAL CREDIT UNION has about 35,558 members and employs 135 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: | 12 branch locations |
| Members: | 35,558 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $507,072,376 |
| CEO/Manager: | Clint Wilson |
| Chairperson: | Larry Ducharme |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,424,823 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 221,504,844 |
| Unsecured Loans | 23,006,454 |
| Other Loans | 119,393,777 |
| TOTAL LOANS | 366,506,022 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,510,067 |
| Land And Building | 8,484,924 |
| Other Fixed Assets | 1,436,037 |
| NCUSIF Deposit | 4,126,060 |
| All Other Assets | 89,562 |
| TOTAL ASSETS | 507,072,376 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 476,372 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,481,343 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 98,305,548 |
| Regular shares | 174,548,525 |
| All Other Shares & Deposits | 163,773,596 |
| TOTAL SHARES & DEPOSITS | 436,627,669 |
| TOTAL LIABILITIES | 446,585,384 |
| Regular Reserve | 0 |
| Other Reserves | 3,722,003 |
| Undivided Earnings | 56,764,989 |
| TOTAL EQUITY | 60,486,992 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 507,072,376 |
| INCOME & EXPENSE | |
| Loan Income | 16,148,534 |
| Investment Income | 4,506,286 |
| Other Income | 4,987,344 |
| Total Employee Compensation & Benefits | 9,485,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,990,813 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 914,109 |
| Cost of Funds | 4,170,608 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,621,097 |
| ↑ Back to Top | |
» See also Statement of Financial Condition