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WACONIZED FEDERAL CREDIT UNION

Jun, 30, 2021 — WACONIZED FEDERAL CREDIT UNION is a federal credit union headquartered in Waco, TX with 1 branch location and about $4.32 million in total assets. Opened 74 years ago in 1947, WACONIZED FEDERAL CREDIT UNION has about 489 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WACONIZED FEDERAL CREDIT UNION
Address:
(Main Office)
5200 -A Beverly Dr
Waco, TX 76711
Phone:(254) 755-8820
Fax:(254) 754-6994
Website:n/a
Branches:1 branch locations
Members:489
Credit Union Type:Federal Credit Union
Charter Number:5555
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1947
Last Audited:Aug 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$4,324,655
CEO/Manager:Connie L Surfus
Chairperson:Gene Kuehl

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,310,264
TOTAL INVESTMENTS 1,753,516
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 254,637
 Other Loans 1,000,076
 TOTAL LOANS 1,254,713
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -73,387
 Land And Building 0
 Other Fixed Assets 20,132
 NCUSIF Deposit 35,803
 All Other Assets 23,614
  TOTAL ASSETS 4,324,655
LIABILITIES & CAPITAL:  
 Dividends Payable 2,854
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,293
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,550,249
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,550,249
  TOTAL LIABILITIES 3,567,396
 Regular Reserve 292,905
 Other Reserves 112,358
 Undivided Earnings 351,996
  TOTAL EQUITY 757,259
  TOTAL LIABILITIES, SHARES, & EQUITY 4,324,655
INCOME & EXPENSE  
 Loan Income 62,637
 Investment Income 13,947
 Other Income 1,904
 Total Employee Compensation & Benefits 84,580
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 53,317
 Non-operating Income & (Expense) 12,004
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,899
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -54,819
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