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BORGER FEDERAL CREDIT UNION

Mar, 31, 2021 — BORGER FEDERAL CREDIT UNION is a federal credit union headquartered in Borger, TX with 1 branch location and about $19.80 million in total assets. Opened 71 years ago in 1950, BORGER FEDERAL CREDIT UNION has about 2,142 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BORGER FEDERAL CREDIT UNION
Address:
(Main Office)
1051 N Florida
Borger, TX 79007
Phone:(806) 273-9506
Fax:(806) 273-3427
Website:http://www.borgerfcu.com
Branches:1 branch locations
Members:2,142
Credit Union Type:Federal Credit Union
Charter Number:6625
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1950
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$19,801,777
CEO/Manager:Lisa A Jones
Chairperson:David R McCauley

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,875,678
TOTAL INVESTMENTS 6,768,514
Loans Held for Sale 0
 
 Real Estate Loans 230,716
 Unsecured Loans 824,640
 Other Loans 8,491,773
 TOTAL LOANS 9,547,129
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,705
 Land And Building 368,596
 Other Fixed Assets 68,983
 NCUSIF Deposit 140,730
 All Other Assets 62,852
  TOTAL ASSETS 19,801,777
LIABILITIES & CAPITAL:  
 Dividends Payable 304
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 112,991
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,940,434
 Regular shares 8,163,314
 All Other Shares & Deposits 5,344,348
  TOTAL SHARES & DEPOSITS 17,448,096
  TOTAL LIABILITIES 17,561,391
 Regular Reserve 402,886
 Other Reserves 0
 Undivided Earnings 1,837,500
  TOTAL EQUITY 2,240,386
  TOTAL LIABILITIES, SHARES, & EQUITY 19,801,777
INCOME & EXPENSE  
 Loan Income 137,597
 Investment Income 9,021
 Other Income 38,576
 Total Employee Compensation & Benefits 97,369
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 96,587
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,000
 Cost of Funds 6,012
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -17,630
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