Credit Unions Near Me
National Credit Union Service Organization

MEMBERS CHOICE OF CENTRAL TEXAS FEDERAL CREDIT UNION

Mar, 31, 2021 — MEMBERS CHOICE OF CENTRAL TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 3 branch locations and about $226.60 million in total assets. Opened 86 years ago in 1935, MEMBERS CHOICE OF CENTRAL TEXAS FEDERAL CREDIT UNION has about 20,959 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEMBERS CHOICE OF CENTRAL TEXAS FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 20248
WACO, TX 76702
Phone:(254) 776-7070
Fax:
Website:http://www.choicefcu.com
Branches:3 branch locations
Members:20,959
Credit Union Type:Federal Credit Union
Charter Number:199
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$226,602,904
CEO/Manager:Don Cox
Chairperson:Brenda Alligood

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 42,841,407
TOTAL INVESTMENTS 52,396,834
Loans Held for Sale 0
 
 Real Estate Loans 48,165,983
 Unsecured Loans 4,876,573
 Other Loans 73,001,365
 TOTAL LOANS 126,043,921
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -987,201
 Land And Building 2,540,481
 Other Fixed Assets 302,467
 NCUSIF Deposit 1,731,841
 All Other Assets 1,733,154
  TOTAL ASSETS 226,602,904
LIABILITIES & CAPITAL:  
 Dividends Payable 3,819
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,395,301
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 28,024,048
 Regular shares 74,997,238
 All Other Shares & Deposits 95,565,730
  TOTAL SHARES & DEPOSITS 198,587,016
  TOTAL LIABILITIES 199,986,136
 Regular Reserve 1,400,261
 Other Reserves -105,983
 Undivided Earnings 25,322,490
  TOTAL EQUITY 26,616,768
  TOTAL LIABILITIES, SHARES, & EQUITY 226,602,904
INCOME & EXPENSE  
 Loan Income 1,824,414
 Investment Income 99,561
 Other Income 376,926
 Total Employee Compensation & Benefits 997,067
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,118,274
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -250,381
 Cost of Funds 343,690
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 813,635
↑ Back to Top

Other Credit Unions

C-T WACO FEDERAL CREDIT UNION
P.O. Box 20245
WACO, TX 76702
WACONIZED FEDERAL CREDIT UNION
5200 -A Beverly Dr
WACO, TX 76711
HIGHWAY DISTRICT 9 CREDIT UNION
2417 COLUMBUS AVE
WACO, TX 76701
LINKAGE CREDIT UNION
4527 SPEIGHT AVE
WACO, TX 76711
MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION
215 NORTH 5TH STREET; SUITE 224
WACO, TX 76701
WACO FEDERAL CREDIT UNION
P O BOX 646
WACO, TX 76703
HEART O' TEXAS FEDERAL CREDIT UNION
P. O. BOX 11
WACO, TX 76703-0011
1ST UNIVERSITY CREDIT UNION
24 La Salle Ave unit C
WACO, TX 76706
ROCKET FEDERAL CREDIT UNION
PO BOX 235
MCGREGOR, TX 76657
TEMPLE SANTA FE COMMUNITY CREDIT UNION
1750 W avenue A
TEMPLE, TX 76504