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SKEL-TEX CREDIT UNION

Mar, 31, 2021 — SKEL-TEX CREDIT UNION is a federally insured state chartered credit union headquartered in skellytown, TX with 1 branch location and about $6.40 million in total assets. Opened 57 years ago in 1964, SKEL-TEX CREDIT UNION has about 578 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:578
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:$6,398,567
CEO/Manager:Terri Cone
Chairperson:Don Denham

Call Report

  • Risk Based Loans
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 828,608
TOTAL INVESTMENTS 2,406,576
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 26,570
 Other Loans 3,099,025
 TOTAL LOANS 3,125,595
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,145
 Land And Building 1,505
 Other Fixed Assets 27
 NCUSIF Deposit 45,112
 All Other Assets 15,289
  TOTAL ASSETS 6,398,567
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,573
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,469,869
 All Other Shares & Deposits 684,841
  TOTAL SHARES & DEPOSITS 5,154,710
  TOTAL LIABILITIES 5,160,283
 Regular Reserve 252,498
 Other Reserves 0
 Undivided Earnings 985,786
  TOTAL EQUITY 1,238,284
  TOTAL LIABILITIES, SHARES, & EQUITY 6,398,567
INCOME & EXPENSE  
 Loan Income 38,572
 Investment Income 9,366
 Other Income 572
 Total Employee Compensation & Benefits 25,717
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,189
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,037
 Cost of Funds 9,032
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,586
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