Sep, 30, 2025 — WESTEX FEDERAL CREDIT UNION is a federal credit union headquartered in LUBBOCK, TX with 4 branch locations and about $85.22 million in total assets. Opened 80 years ago in 1946, WESTEX FEDERAL CREDIT UNION has about 6,791 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTEX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 Avenue Q LUBBOCK, TX 79401 |
| Phone: | (806) 765-5701 |
| Fax: | (806) 765-8423 |
| Website: | https://www.westexfcu.com |
| Branches: | 4 branch locations |
| Members: | 6,791 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5373 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,222,205 |
| CEO/Manager: | Vicki L Love |
| Chairperson: | Albert Perez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,911,869 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,481,210 |
| Unsecured Loans | 2,241,015 |
| Other Loans | 17,614,716 |
| TOTAL LOANS | 22,336,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -190,526 |
| Land And Building | 2,432,356 |
| Other Fixed Assets | 256,122 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 665,793 |
| All Other Assets | 149,026 |
| TOTAL ASSETS | 85,222,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,049,421 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,883,958 |
| Regular shares | 32,554,985 |
| All Other Shares & Deposits | 27,587,276 |
| TOTAL SHARES & DEPOSITS | 76,026,219 |
| TOTAL LIABILITIES | 77,075,640 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,146,565 |
| TOTAL EQUITY | 8,146,565 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,222,205 |
| INCOME & EXPENSE | |
| Loan Income | 1,085,594 |
| Investment Income | 1,649,959 |
| Other Income | 31,403 |
| Total Employee Compensation & Benefits | 1,084,104 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,244,022 |
| Non-operating Income & (Expense) | 24,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,971 |
| Cost of Funds | 646,251 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 237,191 |
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