Dec, 31, 2023 — TEXAN SKY FEDERAL CREDIT UNION is a federal credit union headquartered in DUMAS, TX with 1 branch location and about $69.45 million in total assets. Opened 84 years ago in 1940, TEXAN SKY FEDERAL CREDIT UNION has about 8,685 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: | TEXAN SKY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 515 S Bliss Ave DUMAS, TX 79029 |
| Phone: | (806) 935-3333 |
| Fax: | (806) 935-5714 |
| Website: | https://www.texansky.com |
| Branches: | 1 branch locations |
| Members: | 8,685 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3938 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $69,449,048 |
| CEO/Manager: | Eddie Phillips |
| Chairperson: | Ben Maples |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,151,682 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 5,423,763 |
| Other Loans | 45,954,823 |
| TOTAL LOANS | 51,378,586 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -300,188 |
| Land And Building | 3,670,185 |
| Other Fixed Assets | 391,662 |
| NCUSIF Deposit | 569,602 |
| All Other Assets | 0 |
| TOTAL ASSETS | 69,449,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,971 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,575,211 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,770,237 |
| Regular shares | 35,449,753 |
| All Other Shares & Deposits | 8,682,173 |
| TOTAL SHARES & DEPOSITS | 56,902,163 |
| TOTAL LIABILITIES | 59,479,345 |
| Regular Reserve | 0 |
| Other Reserves | 1,707,468 |
| Undivided Earnings | 8,262,235 |
| TOTAL EQUITY | 9,969,703 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,449,048 |
| INCOME & EXPENSE | |
| Loan Income | 2,982,132 |
| Investment Income | 413,633 |
| Other Income | 1,045,973 |
| Total Employee Compensation & Benefits | 1,375,696 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,743,560 |
| Non-operating Income & (Expense) | 30,062 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,004 |
| Cost of Funds | 620,172 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 598,073 |
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