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 |
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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 |
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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 |
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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 |
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