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National Credit Union Service Organization

SPCO CREDIT UNION

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.


ABA Routing Number: 313083426
Name:SPCO CREDIT UNION
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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