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COBURN CREDIT UNION

Jun, 30, 2021 — COBURN CREDIT UNION is a federally insured state chartered credit union headquartered in Beaumont, TX with 1 branch location and about $7.60 million in total assets. Opened 69 years ago in 1952, COBURN CREDIT UNION has about 932 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COBURN CREDIT UNION
Address:
(Main Office)
P.O. Box 2177
Beaumont, TX 77701
Phone:(409) 838-9957
Fax:(409) 838-1507
Website:http://www.coburncu.com
Branches:1 branch locations
Members:932
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60409
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,600,883
CEO/Manager:Debra Norman
Chairperson:Danny St.Pierre

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,681,558
TOTAL INVESTMENTS 2,882,403
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 465,538
 Other Loans 2,508,903
 TOTAL LOANS 2,974,441
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,423
 Land And Building 0
 Other Fixed Assets 689
 NCUSIF Deposit 57,913
 All Other Assets 18,302
  TOTAL ASSETS 7,600,883
LIABILITIES & CAPITAL:  
 Dividends Payable 16,412
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 39,257
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,182,756
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,182,756
  TOTAL LIABILITIES 6,238,425
 Regular Reserve 95,909
 Other Reserves 0
 Undivided Earnings 1,266,549
  TOTAL EQUITY 1,362,458
  TOTAL LIABILITIES, SHARES, & EQUITY 7,600,883
INCOME & EXPENSE  
 Loan Income 81,832
 Investment Income 15,179
 Other Income 915
 Total Employee Compensation & Benefits 19,040
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,296
 Non-operating Income & (Expense) 10,962
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,626
 Cost of Funds 32,346
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,580
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