Dec, 31, 2023 — TEXAS BRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 2 branch locations and about $83.73 million in total assets. Opened 73 years ago in 1951, TEXAS BRIDGE CREDIT UNION has about 6,795 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXAS BRIDGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3131 HOLLY RD CORPUS CHRISTI, TX 78415 |
| Phone: | (361) 855-4494 |
| Fax: | (361) 855-2239 |
| Website: | https://www.txbcu.com |
| Branches: | 2 branch locations |
| Members: | 6,795 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61306 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $83,733,905 |
| CEO/Manager: | DAVID L BROOKS |
| Chairperson: | EUGENE HERNANDEZ |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,164,871 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,374,188 |
| Unsecured Loans | 5,518,947 |
| Other Loans | 45,449,395 |
| TOTAL LOANS | 62,342,530 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,573 |
| Land And Building | 2,100,003 |
| Other Fixed Assets | 138,319 |
| NCUSIF Deposit | 730,838 |
| All Other Assets | 0 |
| TOTAL ASSETS | 83,733,905 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 177,805 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 456,148 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,989,404 |
| Regular shares | 29,165,078 |
| All Other Shares & Deposits | 36,465,073 |
| TOTAL SHARES & DEPOSITS | 76,619,555 |
| TOTAL LIABILITIES | 77,253,508 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,480,397 |
| TOTAL EQUITY | 6,480,397 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 83,733,905 |
| INCOME & EXPENSE | |
| Loan Income | 2,951,458 |
| Investment Income | 390,101 |
| Other Income | 1,019,597 |
| Total Employee Compensation & Benefits | 1,590,269 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,647,057 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 78,000 |
| Cost of Funds | 1,081,269 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,179 |
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