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COSDEN FEDERAL CREDIT UNION

Dec, 31, 2020 — COSDEN FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 1 branch location and about $49.18 million in total assets. Opened 85 years ago in 1936, COSDEN FEDERAL CREDIT UNION has about 3,633 members and employs 12 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 EAST MARCY
BIG SPRING, TX 79720
Phone:(432) 264-2600
Fax:(432) 264-2631
Website:http://www.cosden.org
Branches:1 branch locations
Members:3,633
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$49,179,973
CEO/Manager:LAURIE M LIGHT
Chairperson:HARDY WILKERSON

Call Report

  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,599,357
TOTAL INVESTMENTS 30,264,695
Loans Held for Sale 0
 
 Real Estate Loans 15,265
 Unsecured Loans 1,196,889
 Other Loans 12,788,816
 TOTAL LOANS 14,026,433
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -165,086
 Land And Building 1,765,231
 Other Fixed Assets 105,726
 NCUSIF Deposit 366,146
 All Other Assets 217,471
  TOTAL ASSETS 49,179,973
LIABILITIES & CAPITAL:  
 Dividends Payable 152
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 485,603
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,598,741
 Regular shares 15,801,185
 All Other Shares & Deposits 18,956,802
  TOTAL SHARES & DEPOSITS 43,356,728
  TOTAL LIABILITIES 43,842,483
 Regular Reserve 693,717
 Other Reserves 0
 Undivided Earnings 4,643,773
  TOTAL EQUITY 5,337,490
  TOTAL LIABILITIES, SHARES, & EQUITY 49,179,973
INCOME & EXPENSE  
 Loan Income 862,396
 Investment Income 587,862
 Other Income 789,514
 Total Employee Compensation & Benefits 747,091
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,100,019
 Non-operating Income & (Expense) -85
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 133,291
 Cost of Funds 120,357
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 138,929
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