Dec, 31, 2023 — SOUTHWEST HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in ODESSA, TX with 5 branch locations and about $223.22 million in total assets. Opened 75 years ago in 1949, SOUTHWEST HERITAGE CREDIT UNION has about 12,999 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHWEST HERITAGE CREDIT UNION |
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Address: (Main Office) | 4100 Faudree Rd ODESSA, TX 79765 |
Phone: | (432) 250-6040 |
Fax: | (432) 561-9536 |
Website: | https://www.southwestheritagecu.com |
Branches: | 5 branch locations |
Members: | 12,999 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60533 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $223,216,580 |
CEO/Manager: | Ronny Haynes |
Chairperson: | Edgar Baiza Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,310,969 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 49,208,175 |
Unsecured Loans | 3,069,606 |
Other Loans | 113,001,012 |
TOTAL LOANS | 165,725,570 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,130,526 |
Land And Building | 4,488,148 |
Other Fixed Assets | 616,293 |
NCUSIF Deposit | 1,521,296 |
All Other Assets | 766,772 |
TOTAL ASSETS | 223,216,580 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 34,899 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,934,504 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 52,747,793 |
Regular shares | 58,126,580 |
All Other Shares & Deposits | 82,998,387 |
TOTAL SHARES & DEPOSITS | 193,872,760 |
TOTAL LIABILITIES | 195,842,163 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 27,374,417 |
TOTAL EQUITY | 27,374,417 |
TOTAL LIABILITIES, SHARES, & EQUITY | 223,216,580 |
INCOME & EXPENSE | |
Loan Income | 9,204,750 |
Investment Income | 661,913 |
Other Income | 2,736,972 |
Total Employee Compensation & Benefits | 5,064,592 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,744,994 |
Non-operating Income & (Expense) | 44,868 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 232,936 |
Cost of Funds | 2,035,879 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,798,038 |
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» See also Statement of Financial Condition