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THE ELECTRIC UTILITIES CREDIT UNION

Mar, 31, 2022 — THE ELECTRIC UTILITIES CREDIT UNION is a federally insured state chartered credit union headquartered in BIG SPRING, TX with 1 branch location and about $6.79 million in total assets. Opened 72 years ago in 1950, THE ELECTRIC UTILITIES CREDIT UNION has about 600 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:THE ELECTRIC UTILITIES CREDIT UNION
Address:
(Main Office)
2002 Birdwell Ln
BIG SPRING, TX 79720-6012
Phone:(432) 263-3442
Fax:(432) 263-0644
Website:n/a
Branches:1 branch locations
Members:600
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67421
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1950
Last Audited:Jul 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,787,405
CEO/Manager:Carol I Jeter
Chairperson:Debbie Atkinson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,303,819
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 245,107
 Other Loans 1,047,749
 TOTAL LOANS 1,292,856
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,534
 Land And Building 20,500
 Other Fixed Assets 14,283
 NCUSIF Deposit 53,891
 All Other Assets 0
  TOTAL ASSETS 6,787,405
LIABILITIES & CAPITAL:  
 Dividends Payable 1,195
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,019
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 520,009
 Regular shares 4,516,472
 All Other Shares & Deposits 913,697
  TOTAL SHARES & DEPOSITS 5,950,178
  TOTAL LIABILITIES 5,961,392
 Regular Reserve 0
 Other Reserves 445,457
 Undivided Earnings 380,556
  TOTAL EQUITY 826,013
  TOTAL LIABILITIES, SHARES, & EQUITY 6,787,405
INCOME & EXPENSE  
 Loan Income 21,553
 Investment Income 13,093
 Other Income 4,383
 Total Employee Compensation & Benefits 20,249
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 29,858
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -8,300
 Cost of Funds 1,311
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 762
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