Mar, 31, 2022 — SELECT FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $56.86 million in total assets. Opened 83 years ago in 1939, SELECT FEDERAL CREDIT UNION has about 6,577 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: | 6,577 |
| 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: | $56,857,453 |
| CEO/Manager: | TAMMIE L ZACHARIE |
| Chairperson: | Pat Jasso |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,033,534 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,489,857 |
| Unsecured Loans | 4,398,421 |
| Other Loans | 26,984,580 |
| TOTAL LOANS | 40,772,909 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -383,953 |
| Land And Building | 3,115,020 |
| Other Fixed Assets | 178,496 |
| NCUSIF Deposit | 461,902 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,857,453 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,654 |
| Notes & Interest Payable | 500,000 |
| Accounts Payable & Other Liabilities | 295,952 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,703,229 |
| Regular shares | 19,160,129 |
| All Other Shares & Deposits | 20,412,216 |
| TOTAL SHARES & DEPOSITS | 46,275,574 |
| TOTAL LIABILITIES | 47,081,180 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,776,273 |
| TOTAL EQUITY | 9,776,273 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,857,453 |
| INCOME & EXPENSE | |
| Loan Income | 689,035 |
| Investment Income | 3,282 |
| Other Income | 75,636 |
| Total Employee Compensation & Benefits | 220,095 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 317,128 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 79,702 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 249,840 |
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