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SKEL-TEX CREDIT UNION

Jun, 30, 2021 — SKEL-TEX CREDIT UNION is a federally insured state chartered credit union headquartered in skellytown, TX with 1 branch location and about $6.42 million in total assets. Opened 57 years ago in 1964, SKEL-TEX CREDIT UNION has about 574 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)
PO Box 660
skellytown, TX 79080
Phone:(806) 848-2413
Fax:(806) 848-2012
Website:n/a
Branches:1 branch locations
Members:574
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,424,993
CEO/Manager:Terri Cone
Chairperson:Don Denham

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 751,534
TOTAL INVESTMENTS 2,407,283
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 23,384
 Other Loans 3,198,112
 TOTAL LOANS 3,221,496
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -23,412
 Land And Building 1,505
 Other Fixed Assets 8
 NCUSIF Deposit 48,829
 All Other Assets 17,750
  TOTAL ASSETS 6,424,993
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,429
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,478,341
 All Other Shares & Deposits 688,259
  TOTAL SHARES & DEPOSITS 5,166,600
  TOTAL LIABILITIES 5,173,029
 Regular Reserve 252,498
 Other Reserves 0
 Undivided Earnings 999,466
  TOTAL EQUITY 1,251,964
  TOTAL LIABILITIES, SHARES, & EQUITY 6,424,993
INCOME & EXPENSE  
 Loan Income 78,161
 Investment Income 17,316
 Other Income 1,290
 Total Employee Compensation & Benefits 49,666
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,227
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,769
 Cost of Funds 18,546
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,266
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