Dec, 31, 2023 — SELECT FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 1 branch location and about $58.49 million in total assets. Opened 85 years ago in 1939, SELECT FEDERAL CREDIT UNION has about 6,164 members and employs 16 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: | https://www.selectfcu.org |
| Branches: | 1 branch locations |
| Members: | 6,164 |
| 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: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,487,586 |
| CEO/Manager: | TAMMIE L ZACHARIE |
| Chairperson: | Pat Jasso |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 368,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,709,608 |
| Unsecured Loans | 5,092,517 |
| Other Loans | 35,463,669 |
| TOTAL LOANS | 50,286,429 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -309,179 |
| Land And Building | 3,019,995 |
| Other Fixed Assets | 176,440 |
| NCUSIF Deposit | 437,218 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,487,586 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,049 |
| Notes & Interest Payable | 500,000 |
| Accounts Payable & Other Liabilities | 324,261 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,655,615 |
| Regular shares | 16,938,242 |
| All Other Shares & Deposits | 23,496,071 |
| TOTAL SHARES & DEPOSITS | 47,089,928 |
| TOTAL LIABILITIES | 47,950,238 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,537,348 |
| TOTAL EQUITY | 10,537,348 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,487,586 |
| INCOME & EXPENSE | |
| Loan Income | 2,962,892 |
| Investment Income | 103,828 |
| Other Income | 336,481 |
| Total Employee Compensation & Benefits | 1,057,131 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,378,272 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 315,615 |
| Cost of Funds | 666,587 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 245,950 |
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