Jun, 30, 2024 — EMPOWERMENT COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $1.05 million in total assets. Opened 19 years ago in 2006, EMPOWERMENT COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION has about 698 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMPOWERMENT COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION |
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Address: (Main Office) | 6011 W Orem Dr HOUSTON, TX 77085-1273 |
Phone: | (713) 726-2515 |
Fax: | (713) 726-2516 |
Website: | https://www.ecdfcu.com |
Branches: | 1 branch locations |
Members: | 698 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24769 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 2006 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,051,124 |
CEO/Manager: | Delores M Gentry |
Chairperson: | Benjamin Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 467,847 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 37,646 |
Other Loans | 248,422 |
TOTAL LOANS | 286,068 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,659 |
Land And Building | 0 |
Other Fixed Assets | 29,677 |
NCUSIF Deposit | 9,637 |
All Other Assets | 0 |
TOTAL ASSETS | 1,051,124 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 272 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 648,245 |
All Other Shares & Deposits | 323,175 |
TOTAL SHARES & DEPOSITS | 971,420 |
TOTAL LIABILITIES | 971,692 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 79,432 |
TOTAL EQUITY | 79,432 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,051,124 |
INCOME & EXPENSE | |
Loan Income | 14,993 |
Investment Income | 1,673 |
Other Income | 639 |
Total Employee Compensation & Benefits | 6,375 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,716 |
Non-operating Income & (Expense) | 10,743 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 3,144 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,452 |
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