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SKEL-TEX CREDIT UNION

Mar, 31, 2022 — SKEL-TEX CREDIT UNION is a federally insured state chartered credit union headquartered in SKELLYTOWN, TX with 1 branch location and about $6.83 million in total assets. Opened 58 years ago in 1964, SKEL-TEX CREDIT UNION has about 564 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:564
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,828,360
CEO/Manager:Terri Cone
Chairperson:Larry Brown

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 642,830
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 29,513
 Other Loans 2,806,147
 TOTAL LOANS 2,835,660
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,372
 Land And Building 1,505
 Other Fixed Assets 8
 NCUSIF Deposit 48,829
 All Other Assets 0
  TOTAL ASSETS 6,828,360
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,406
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,936,840
 All Other Shares & Deposits 619,800
  TOTAL SHARES & DEPOSITS 5,556,640
  TOTAL LIABILITIES 5,563,046
 Regular Reserve 0
 Other Reserves 252,498
 Undivided Earnings 1,012,816
  TOTAL EQUITY 1,265,314
  TOTAL LIABILITIES, SHARES, & EQUITY 6,828,360
INCOME & EXPENSE  
 Loan Income 36,213
 Investment Income 5,570
 Other Income 545
 Total Employee Compensation & Benefits 25,746
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,770
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,248
 Cost of Funds 9,391
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,409
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