Dec, 31, 2020 — SELECT FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $53.30 million in total assets. Opened 82 years ago in 1939, SELECT FEDERAL CREDIT UNION has about 6,665 members and employs 19 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: | 6,665 |
| 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: | $53,302,218 |
| CEO/Manager: | TAMMIE L ZACHARIE |
| Chairperson: | Henry P Van de Putte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,748,442 |
| TOTAL INVESTMENTS | 777,514 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,791,818 |
| Unsecured Loans | 4,989,323 |
| Other Loans | 25,743,497 |
| TOTAL LOANS | 40,312,449 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -377,744 |
| Land And Building | 3,182,895 |
| Other Fixed Assets | 263,659 |
| NCUSIF Deposit | 423,780 |
| All Other Assets | 1,971,223 |
| TOTAL ASSETS | 53,302,218 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,810 |
| Notes & Interest Payable | 501,512 |
| Accounts Payable & Other Liabilities | 133,657 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,583,198 |
| Regular shares | 17,585,490 |
| All Other Shares & Deposits | 20,802,366 |
| TOTAL SHARES & DEPOSITS | 43,971,054 |
| TOTAL LIABILITIES | 44,621,033 |
| Regular Reserve | 682,789 |
| Other Reserves | 0 |
| Undivided Earnings | 7,998,396 |
| TOTAL EQUITY | 8,681,185 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,302,218 |
| INCOME & EXPENSE | |
| Loan Income | 2,833,864 |
| Investment Income | 8,230 |
| Other Income | 625,492 |
| Total Employee Compensation & Benefits | 1,017,959 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,192,819 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 257,903 |
| Cost of Funds | 473,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 524,970 |
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