Dec, 31, 2022 — SELECT FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 1 branch location and about $55.09 million in total assets. Opened 84 years ago in 1939, SELECT FEDERAL CREDIT UNION has about 6,394 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: | https://www.selectfcu.org |
| Branches: | 1 branch locations |
| Members: | 6,394 |
| 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: | Aug 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,093,970 |
| CEO/Manager: | TAMMIE L ZACHARIE |
| Chairperson: | Pat Jasso |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,564,060 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,414,188 |
| Unsecured Loans | 4,799,344 |
| Other Loans | 29,200,421 |
| TOTAL LOANS | 43,522,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -370,524 |
| Land And Building | 3,087,870 |
| Other Fixed Assets | 149,900 |
| NCUSIF Deposit | 452,884 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,093,970 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,880 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 358,226 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,593,747 |
| Regular shares | 19,733,278 |
| All Other Shares & Deposits | 18,230,389 |
| TOTAL SHARES & DEPOSITS | 44,557,414 |
| TOTAL LIABILITIES | 44,924,520 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,169,450 |
| TOTAL EQUITY | 10,169,450 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,093,970 |
| INCOME & EXPENSE | |
| Loan Income | 2,087,456 |
| Investment Income | 64,102 |
| Other Income | 261,057 |
| Total Employee Compensation & Benefits | 721,138 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 974,879 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,449 |
| Cost of Funds | 234,682 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 643,016 |
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