Sep, 30, 2025 — COSDEN FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 1 branch location and about $59.64 million in total assets. Opened 90 years ago in 1936, COSDEN FEDERAL CREDIT UNION has about 4,184 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COSDEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 E MARCY DR BIG SPRING, TX 79720-5714 |
| Phone: | (432) 264-2600 |
| Fax: | (432) 264-2631 |
| Website: | https://www.cosden.org |
| Branches: | 1 branch locations |
| Members: | 4,184 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1750 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,641,240 |
| CEO/Manager: | LAURIE M LIGHT |
| Chairperson: | HARDY WILKERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,740,389 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,591 |
| Unsecured Loans | 1,711,520 |
| Other Loans | 31,083,652 |
| TOTAL LOANS | 32,807,023 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,036 |
| Land And Building | 2,541,552 |
| Other Fixed Assets | 138,190 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 489,032 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,641,240 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,411 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 572,979 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,148,698 |
| Regular shares | 19,994,319 |
| All Other Shares & Deposits | 20,498,967 |
| TOTAL SHARES & DEPOSITS | 51,641,983 |
| TOTAL LIABILITIES | 52,217,373 |
| Regular Reserve | 0 |
| Other Reserves | 693,716 |
| Undivided Earnings | 6,730,151 |
| TOTAL EQUITY | 7,423,867 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,641,240 |
| INCOME & EXPENSE | |
| Loan Income | 1,852,623 |
| Investment Income | 960,738 |
| Other Income | 559,535 |
| Total Employee Compensation & Benefits | 978,533 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,496,824 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 288,275 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 784,383 |
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