Sep, 30, 2025 — SKEL-TEX CREDIT UNION is a federally insured state chartered credit union headquartered in SKELLYTOWN, TX with 1 branch location and about $5.99 million in total assets. Opened 62 years ago in 1964, SKEL-TEX CREDIT UNION has about 543 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: | SKEL-TEX CREDIT UNION |
|---|---|
| Address: (Main Office) | 404 Main St SKELLYTOWN, TX 79080 |
| Phone: | (806) 848-2413 |
| Fax: | (806) 848-2012 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 543 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60396 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,986,178 |
| CEO/Manager: | Terri Cone |
| Chairperson: | Larry Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 359,017 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 24,722 |
| Other Loans | 3,130,246 |
| TOTAL LOANS | 3,154,968 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,854 |
| Land And Building | 1,505 |
| Other Fixed Assets | 9 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 45,578 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,986,178 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,389 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,214,896 |
| All Other Shares & Deposits | 476,957 |
| TOTAL SHARES & DEPOSITS | 4,691,854 |
| TOTAL LIABILITIES | 4,694,243 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,291,935 |
| TOTAL EQUITY | 1,291,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,986,178 |
| INCOME & EXPENSE | |
| Loan Income | 141,340 |
| Investment Income | 58,268 |
| Other Income | 2,324 |
| Total Employee Compensation & Benefits | 79,909 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 43,208 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,139 |
| Cost of Funds | 51,340 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,167 |
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