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COBURN CREDIT UNION

Dec, 31, 2023 — COBURN CREDIT UNION is a federally insured state chartered credit union headquartered in BEAUMONT, TX with 1 branch location and about $6.45 million in total assets. Opened 72 years ago in 1952, COBURN CREDIT UNION has about 929 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)
350 Pine St Ste 850
BEAUMONT, TX 77701-2435
Phone:(409) 838-9957
Fax:(409) 838-1507
Website:https://www.coburncu.com
Branches:1 branch locations
Members:929
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$6,445,832
CEO/Manager:Debra Norman
Chairperson:Danny St.Pierre

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 658,180
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 442,130
 Other Loans 3,132,029
 TOTAL LOANS 3,574,159
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,953
 Land And Building 0
 Other Fixed Assets 689
 NCUSIF Deposit 61,394
 All Other Assets 0
  TOTAL ASSETS 6,445,832
LIABILITIES & CAPITAL:  
 Dividends Payable 25,871
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,610
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,926,416
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,926,416
  TOTAL LIABILITIES 4,959,897
 Regular Reserve 0
 Other Reserves 95,909
 Undivided Earnings 1,390,026
  TOTAL EQUITY 1,485,935
  TOTAL LIABILITIES, SHARES, & EQUITY 6,445,832
INCOME & EXPENSE  
 Loan Income 184,488
 Investment Income 77,797
 Other Income 6,002
 Total Employee Compensation & Benefits 39,198
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 56,031
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,954
 Cost of Funds 86,696
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 71,296
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