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 |
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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 |
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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 |
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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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