Sep, 30, 2025 — CONCHO EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANGELO, TX with 3 branch locations and about $97.05 million in total assets. Opened 85 years ago in 1941, CONCHO EDUCATORS FEDERAL CREDIT UNION has about 6,677 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONCHO EDUCATORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3215 Loop 306 SAN ANGELO, TX 76904 |
| Phone: | (325) 944-4551 |
| Fax: | (325) 944-4809 |
| Website: | https://www.conchoeducators.org |
| Branches: | 3 branch locations |
| Members: | 6,677 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4684 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,046,951 |
| CEO/Manager: | Jerry Merrill |
| Chairperson: | Cheryl McGaughey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,241,979 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,638,687 |
| Unsecured Loans | 11,891,946 |
| Other Loans | 28,570,552 |
| TOTAL LOANS | 56,101,185 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -410,352 |
| Land And Building | 1,433,943 |
| Other Fixed Assets | 334,604 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 868,968 |
| All Other Assets | 10,000 |
| TOTAL ASSETS | 97,046,951 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,434,676 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,591,057 |
| Regular shares | 37,269,690 |
| All Other Shares & Deposits | 31,569,445 |
| TOTAL SHARES & DEPOSITS | 87,430,192 |
| TOTAL LIABILITIES | 88,864,868 |
| Regular Reserve | 0 |
| Other Reserves | -3,205,547 |
| Undivided Earnings | 11,387,630 |
| TOTAL EQUITY | 8,182,083 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,046,951 |
| INCOME & EXPENSE | |
| Loan Income | 2,222,572 |
| Investment Income | 690,721 |
| Other Income | 315,250 |
| Total Employee Compensation & Benefits | 1,452,096 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,269,900 |
| Non-operating Income & (Expense) | 42,818 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 292,511 |
| Cost of Funds | 718,337 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 193,300 |
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