Dec, 31, 2023 — ASSOCIATED CREDIT UNION OF TEXAS is a federally insured state chartered credit union headquartered in LEAGUE CITY, TX with 12 branch locations and about $534.79 million in total assets. Opened 56 years ago in 1968, ASSOCIATED CREDIT UNION OF TEXAS has about 44,479 members and employs 177 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASSOCIATED CREDIT UNION OF TEXAS |
|---|---|
| Address: (Main Office) | 1095 W League City Pkwy LEAGUE CITY, TX 77573 |
| Phone: | (409) 945-4474 |
| Fax: | (409) 942-1577 |
| Website: | https://www.acutx.org |
| Branches: | 12 branch locations |
| Members: | 44,479 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60608 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $534,785,069 |
| CEO/Manager: | Jack Click |
| Chairperson: | John Blair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,391,951 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 662,401 |
| Real Estate Loans | 103,813,505 |
| Unsecured Loans | 73,603,318 |
| Other Loans | 252,490,878 |
| TOTAL LOANS | 429,907,700 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,841,444 |
| Land And Building | 16,099,491 |
| Other Fixed Assets | 448,954 |
| NCUSIF Deposit | 4,779,501 |
| All Other Assets | 153,506 |
| TOTAL ASSETS | 534,785,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 363,989 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,210,135 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 105,760,176 |
| Regular shares | 159,507,691 |
| All Other Shares & Deposits | 212,083,919 |
| TOTAL SHARES & DEPOSITS | 477,351,786 |
| TOTAL LIABILITIES | 486,925,910 |
| Regular Reserve | 0 |
| Other Reserves | -5,553,296 |
| Undivided Earnings | 53,412,455 |
| TOTAL EQUITY | 47,859,159 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 534,785,069 |
| INCOME & EXPENSE | |
| Loan Income | 27,761,926 |
| Investment Income | 1,919,651 |
| Other Income | 4,164,272 |
| Total Employee Compensation & Benefits | 15,580,802 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,653,521 |
| Non-operating Income & (Expense) | 110,188 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,444,753 |
| Cost of Funds | 4,666,722 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,299,738 |
| ↑ Back to Top | |