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BORGER FEDERAL CREDIT UNION

Jun, 30, 2021 — BORGER FEDERAL CREDIT UNION is a federal credit union headquartered in Borger, TX with 1 branch location and about $19.38 million in total assets. Opened 71 years ago in 1950, BORGER FEDERAL CREDIT UNION has about 2,115 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: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:2,115
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$19,378,678
CEO/Manager:Lisa A Jones
Chairperson:David R McCauley

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,903,249
TOTAL INVESTMENTS 7,114,514
Loans Held for Sale 0
 
 Real Estate Loans 234,599
 Unsecured Loans 790,384
 Other Loans 8,693,285
 TOTAL LOANS 9,718,268
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -36,078
 Land And Building 364,214
 Other Fixed Assets 62,428
 NCUSIF Deposit 157,840
 All Other Assets 94,243
  TOTAL ASSETS 19,378,678
LIABILITIES & CAPITAL:  
 Dividends Payable 459
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 113,310
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,719,473
 Regular shares 8,055,226
 All Other Shares & Deposits 5,242,345
  TOTAL SHARES & DEPOSITS 17,017,044
  TOTAL LIABILITIES 17,130,813
 Regular Reserve 402,884
 Other Reserves 0
 Undivided Earnings 1,844,981
  TOTAL EQUITY 2,247,865
  TOTAL LIABILITIES, SHARES, & EQUITY 19,378,678
INCOME & EXPENSE  
 Loan Income 265,689
 Investment Income 50,348
 Other Income 80,469
 Total Employee Compensation & Benefits 197,203
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 193,962
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,000
 Cost of Funds 11,378
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -10,148
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