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TEXASGULF FEDERAL CREDIT UNION

Dec, 31, 2020 — TEXASGULF FEDERAL CREDIT UNION is a federal credit union headquartered in Wharton, TX with 2 branch locations and about $155.42 million in total assets. Opened 84 years ago in 1937, TEXASGULF FEDERAL CREDIT UNION has about 13,562 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 313186718
Name:TEXASGULF FEDERAL CREDIT UNION
Address:
(Main Office)
2101 N Fulton st
Wharton, TX 77488
Phone:(979) 282-2300
Fax:(979) 282-2323
Website:http://www.texasgulffcu.org
Branches:2 branch locations
Members:13,562
Credit Union Type:Federal Credit Union
Charter Number:2322
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1937
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$155,418,098
CEO/Manager:J. Michael Sterry
Chairperson:Weldon Ferrell

Call Report

  • Commercial Loans
  • Credit Builder
  • Micro Consumer Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,834,557
TOTAL INVESTMENTS 38,787,778
Loans Held for Sale 0
 
 Real Estate Loans 35,209,924
 Unsecured Loans 8,835,642
 Other Loans 55,000,205
 TOTAL LOANS 99,045,771
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -687,730
 Land And Building 1,725,940
 Other Fixed Assets 44,938
 NCUSIF Deposit 1,253,115
 All Other Assets 413,729
  TOTAL ASSETS 155,418,098
LIABILITIES & CAPITAL:  
 Dividends Payable 534,571
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 852,848
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,850,264
 Regular shares 58,111,287
 All Other Shares & Deposits 53,657,362
  TOTAL SHARES & DEPOSITS 133,618,913
  TOTAL LIABILITIES 135,006,332
 Regular Reserve 567,896
 Other Reserves 776,058
 Undivided Earnings 19,067,812
  TOTAL EQUITY 20,411,766
  TOTAL LIABILITIES, SHARES, & EQUITY 155,418,098
INCOME & EXPENSE  
 Loan Income 4,590,842
 Investment Income 600,412
 Other Income 1,102,684
 Total Employee Compensation & Benefits 1,730,018
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 820,715
 Non-operating Income & (Expense) 43,051
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 236,979
 Cost of Funds 1,498,174
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,051,103
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