Dec, 31, 2021 — SELECT FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $55.91 million in total assets. Opened 83 years ago in 1939, SELECT FEDERAL CREDIT UNION has about 6,586 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELECT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1914 N INTERSTATE 35 SAN ANTONIO, TX 78208 |
| Phone: | (210) 223-6561 |
| Fax: | (210) 227-8125 |
| Website: | http://www.selectfcu.org |
| Branches: | 2 branch locations |
| Members: | 6,586 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3064 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Nov 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,909,918 |
| CEO/Manager: | TAMMIE L ZACHARIE |
| Chairperson: | Henry P Van de Putte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,749,483 |
| TOTAL INVESTMENTS | 777,514 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,548,058 |
| Unsecured Loans | 4,607,097 |
| Other Loans | 27,056,003 |
| TOTAL LOANS | 40,998,706 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -385,867 |
| Land And Building | 3,128,596 |
| Other Fixed Assets | 192,794 |
| NCUSIF Deposit | 461,901 |
| All Other Assets | 1,986,791 |
| TOTAL ASSETS | 55,909,918 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,966 |
| Notes & Interest Payable | 501,512 |
| Accounts Payable & Other Liabilities | 266,835 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,284,550 |
| Regular shares | 18,500,465 |
| All Other Shares & Deposits | 20,819,157 |
| TOTAL SHARES & DEPOSITS | 45,604,172 |
| TOTAL LIABILITIES | 46,383,485 |
| Regular Reserve | 682,789 |
| Other Reserves | 0 |
| Undivided Earnings | 8,843,644 |
| TOTAL EQUITY | 9,526,433 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,909,918 |
| INCOME & EXPENSE | |
| Loan Income | 2,813,456 |
| Investment Income | 8,549 |
| Other Income | 331,005 |
| Total Employee Compensation & Benefits | 966,359 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,184,010 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 127,770 |
| Cost of Funds | 382,480 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 845,248 |
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