Dec, 31, 2022 — SKEL-TEX CREDIT UNION is a federally insured state chartered credit union headquartered in SKELLYTOWN, TX with 1 branch location and about $7.00 million in total assets. Opened 59 years ago in 1964, SKEL-TEX CREDIT UNION has about 559 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: | 559 |
| 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: | $6,998,641 |
| CEO/Manager: | Terri Cone |
| Chairperson: | Larry Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 395,302 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 27,994 |
| Other Loans | 2,862,595 |
| TOTAL LOANS | 2,890,589 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,846 |
| Land And Building | 1,505 |
| Other Fixed Assets | 8 |
| NCUSIF Deposit | 53,457 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,998,641 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,415 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,106,757 |
| All Other Shares & Deposits | 619,475 |
| TOTAL SHARES & DEPOSITS | 5,726,232 |
| TOTAL LIABILITIES | 5,727,647 |
| Regular Reserve | 0 |
| Other Reserves | 252,498 |
| Undivided Earnings | 1,018,496 |
| TOTAL EQUITY | 1,270,994 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,998,641 |
| INCOME & EXPENSE | |
| Loan Income | 109,971 |
| Investment Income | 22,415 |
| Other Income | 1,979 |
| Total Employee Compensation & Benefits | 75,457 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,749 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,775 |
| Cost of Funds | 29,277 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,089 |
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