Dec, 31, 2021 — MID-TEX FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNWOOD, TX with 1 branch location and about $34.11 million in total assets. Opened 61 years ago in 1961, MID-TEX FEDERAL CREDIT UNION has about 3,280 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MID-TEX FEDERAL CREDIT UNION |
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Address: (Main Office) | 3808 HIGHWAY 377 S BROWNWOOD, TX 76801-5120 |
Phone: | (325) 646-5266 |
Fax: | (325) 646-4872 |
Website: | http://mtfcu.org |
Branches: | 1 branch locations |
Members: | 3,280 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24454 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,110,078 |
CEO/Manager: | ROBERT J HAGOOD |
Chairperson: | RONDA BAUGUS |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,288,395 |
TOTAL INVESTMENTS | 12,340,891 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,072,358 |
Unsecured Loans | 525,004 |
Other Loans | 11,912,000 |
TOTAL LOANS | 17,509,362 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,645 |
Land And Building | 1,613,739 |
Other Fixed Assets | 47,941 |
NCUSIF Deposit | 257,948 |
All Other Assets | 128,447 |
TOTAL ASSETS | 34,110,078 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 800 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 300,527 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,801,453 |
Regular shares | 21,834,115 |
All Other Shares & Deposits | 2,753,670 |
TOTAL SHARES & DEPOSITS | 31,389,238 |
TOTAL LIABILITIES | 31,690,565 |
Regular Reserve | 1,236,918 |
Other Reserves | 0 |
Undivided Earnings | 1,182,595 |
TOTAL EQUITY | 2,419,513 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,110,078 |
INCOME & EXPENSE | |
Loan Income | 834,352 |
Investment Income | 102,872 |
Other Income | 212,720 |
Total Employee Compensation & Benefits | 524,366 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 594,923 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,442 |
Cost of Funds | 23,051 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 156,528 |
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