Dec, 31, 2022 — CONCHO EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANGELO, TX with 3 branch locations and about $100.84 million in total assets. Opened 82 years ago in 1941, CONCHO EDUCATORS FEDERAL CREDIT UNION has about 6,791 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: | 6,791 |
| 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: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $100,841,122 |
| CEO/Manager: | Jerry Merrill |
| Chairperson: | Cheryl McGaughey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,235,419 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,328,146 |
| Unsecured Loans | 11,411,368 |
| Other Loans | 23,804,941 |
| TOTAL LOANS | 51,544,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -113,144 |
| Land And Building | 1,454,951 |
| Other Fixed Assets | 314,961 |
| NCUSIF Deposit | 860,660 |
| All Other Assets | 0 |
| TOTAL ASSETS | 100,841,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,434,268 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,285,232 |
| Regular shares | 45,524,562 |
| All Other Shares & Deposits | 27,314,799 |
| TOTAL SHARES & DEPOSITS | 94,124,593 |
| TOTAL LIABILITIES | 95,558,861 |
| Regular Reserve | 0 |
| Other Reserves | -4,447,694 |
| Undivided Earnings | 9,729,955 |
| TOTAL EQUITY | 5,282,261 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,841,122 |
| INCOME & EXPENSE | |
| Loan Income | 1,475,284 |
| Investment Income | 376,881 |
| Other Income | 329,772 |
| Total Employee Compensation & Benefits | 1,164,937 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,006,065 |
| Non-operating Income & (Expense) | 34,881 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 102,717 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 604,845 |
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