Dec, 31, 2023 — SPCO CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 2 branch locations and about $38.88 million in total assets. Opened 56 years ago in 1968, SPCO CREDIT UNION has about 2,876 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPCO CREDIT UNION |
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Address: (Main Office) | 12755 N Houston Rosslyn Rd HOUSTON, TX 77086 |
Phone: | (713) 455-8586 |
Fax: | (713) 455-8588 |
Website: | https://www.spcocu.org |
Branches: | 2 branch locations |
Members: | 2,876 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61438 |
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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: | $38,878,084 |
CEO/Manager: | J Timothy Adams |
Chairperson: | Stephen Emmott |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,406,362 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,552,775 |
Unsecured Loans | 3,542,500 |
Other Loans | 6,479,516 |
TOTAL LOANS | 32,574,791 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,801 |
Land And Building | 1,272,713 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 343,076 |
All Other Assets | 79,099 |
TOTAL ASSETS | 38,878,084 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,582 |
Notes & Interest Payable | 1,425,000 |
Accounts Payable & Other Liabilities | 216,178 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,869,580 |
Regular shares | 15,665,966 |
All Other Shares & Deposits | 15,975,087 |
TOTAL SHARES & DEPOSITS | 33,510,633 |
TOTAL LIABILITIES | 35,176,393 |
Regular Reserve | 0 |
Other Reserves | 1,065,705 |
Undivided Earnings | 2,635,986 |
TOTAL EQUITY | 3,701,691 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,878,084 |
INCOME & EXPENSE | |
Loan Income | 2,013,713 |
Investment Income | 39,840 |
Other Income | 110,536 |
Total Employee Compensation & Benefits | 661,013 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,057,527 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 116,365 |
Cost of Funds | 662,285 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -144,242 |
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