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EDUCATION FIRST FEDERAL CREDIT UNION

Mar, 31, 2021 — EDUCATION FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in Beaumont, TX with 8 branch locations and about $505.85 million in total assets. Opened 69 years ago in 1952, EDUCATION FIRST FEDERAL CREDIT UNION has about 35,530 members and employs 142 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: 313177785
Name:EDUCATION FIRST FEDERAL CREDIT UNION
Address:
(Main Office)
7025 Eastex Freeway
Beaumont, TX 77706-6515
Phone:(409) 898-3770
Fax:(409) 898-2289
Website:http://www.educationfirstfcu.org
Branches:8 branch locations
Members:35,530
Credit Union Type:Federal Credit Union
Charter Number:24470
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1952
Last Audited:Sep 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$505,846,174
CEO/Manager:Kevin M Conn
Chairperson:Charles T Starcke

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,274,035
TOTAL INVESTMENTS 190,945,381
Loans Held for Sale 0
 
 Real Estate Loans 78,113,084
 Unsecured Loans 38,379,149
 Other Loans 138,407,805
 TOTAL LOANS 254,900,038
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,381,887
 Land And Building 16,452,888
 Other Fixed Assets 2,308,434
 NCUSIF Deposit 3,964,189
 All Other Assets 14,383,096
  TOTAL ASSETS 505,846,174
LIABILITIES & CAPITAL:  
 Dividends Payable 179,566
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,184,162
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 42,945,154
 Regular shares 326,121,934
 All Other Shares & Deposits 94,894,275
  TOTAL SHARES & DEPOSITS 463,961,363
  TOTAL LIABILITIES 467,325,091
 Regular Reserve 5,486,522
 Other Reserves -11,900,722
 Undivided Earnings 44,935,283
  TOTAL EQUITY 38,521,083
  TOTAL LIABILITIES, SHARES, & EQUITY 505,846,174
INCOME & EXPENSE  
 Loan Income 3,160,519
 Investment Income 611,715
 Other Income 934,432
 Total Employee Compensation & Benefits 2,679,249
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,467,027
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 61,341
 Cost of Funds 533,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 507,773
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