Jun, 30, 2024 — SPCO CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 2 branch locations and about $39.60 million in total assets. Opened 57 years ago in 1968, SPCO CREDIT UNION has about 3,012 members and employs 8 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 |
|---|---|
| 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: | 3,012 |
| 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: | Nov 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $39,604,173 |
| CEO/Manager: | J Timothy Adams |
| Chairperson: | Stephen Emmott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,914,903 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,584,419 |
| Unsecured Loans | 3,239,572 |
| Other Loans | 5,843,331 |
| TOTAL LOANS | 32,667,322 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,848 |
| Land And Building | 1,240,966 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 370,194 |
| All Other Assets | 20,721 |
| TOTAL ASSETS | 39,604,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,903 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 355,461 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,824,493 |
| Regular shares | 17,163,672 |
| All Other Shares & Deposits | 16,404,074 |
| TOTAL SHARES & DEPOSITS | 35,392,239 |
| TOTAL LIABILITIES | 35,759,603 |
| Regular Reserve | 0 |
| Other Reserves | 1,054,951 |
| Undivided Earnings | 2,789,619 |
| TOTAL EQUITY | 3,844,570 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,604,173 |
| INCOME & EXPENSE | |
| Loan Income | 1,313,365 |
| Investment Income | 37,163 |
| Other Income | 67,918 |
| Total Employee Compensation & Benefits | 480,579 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 738,538 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 239,750 |
| Cost of Funds | 287,558 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,328 |
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