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EMPOWERMENT COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION

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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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