Mar, 31, 2021 — MID-TEX FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNWOOD, TX with 1 branch location and about $33.13 million in total assets. Opened 60 years ago in 1961, MID-TEX FEDERAL CREDIT UNION has about 3,331 members and employs 9 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 |
|---|---|
| Address: (Main Office) | P.O. BOX 338 BROWNWOOD, TX 76804 |
| Phone: | (325) 646-5266 |
| Fax: | (325) 646-4872 |
| Website: | http://mtfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,331 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24454 |
|---|---|
| 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: | $33,127,480 |
| CEO/Manager: | ROBERT J HAGOOD |
| Chairperson: | RONDA BAUGUS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,540,286 |
| TOTAL INVESTMENTS | 10,832,891 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,313,812 |
| Unsecured Loans | 486,939 |
| Other Loans | 10,785,781 |
| TOTAL LOANS | 15,586,532 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,987 |
| Land And Building | 1,601,393 |
| Other Fixed Assets | 56,395 |
| NCUSIF Deposit | 218,216 |
| All Other Assets | 384,754 |
| TOTAL ASSETS | 33,127,480 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,176 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 355,804 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,161,797 |
| Regular shares | 20,830,667 |
| All Other Shares & Deposits | 2,495,633 |
| TOTAL SHARES & DEPOSITS | 30,488,097 |
| TOTAL LIABILITIES | 30,845,077 |
| Regular Reserve | 1,236,918 |
| Other Reserves | 0 |
| Undivided Earnings | 1,045,485 |
| TOTAL EQUITY | 2,282,403 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,127,480 |
| INCOME & EXPENSE | |
| Loan Income | 196,158 |
| Investment Income | 29,821 |
| Other Income | 51,365 |
| Total Employee Compensation & Benefits | 125,214 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 140,842 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 5,595 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,419 |
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