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THE ELECTRIC UTILITIES CREDIT UNION

Mar, 31, 2021 — THE ELECTRIC UTILITIES CREDIT UNION is a federally insured state chartered credit union headquartered in Big Spring, TX with 1 branch location and about $6.25 million in total assets. Opened 71 years ago in 1950, THE ELECTRIC UTILITIES CREDIT UNION has about 625 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:625
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,247,959
CEO/Manager:Carol I Jeter
Chairperson:Debbie Atkinson

Call Report

  • Credit Builder
  • Overdraft Protection
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 820,819
TOTAL INVESTMENTS 3,641,407
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 305,036
 Other Loans 1,386,451
 TOTAL LOANS 1,691,487
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,530
 Land And Building 30,406
 Other Fixed Assets 12,626
 NCUSIF Deposit 51,930
 All Other Assets 21,814
  TOTAL ASSETS 6,247,959
LIABILITIES & CAPITAL:  
 Dividends Payable 1,122
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,225
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 285,959
 Regular shares 4,203,372
 All Other Shares & Deposits 918,440
  TOTAL SHARES & DEPOSITS 5,407,771
  TOTAL LIABILITIES 5,419,118
 Regular Reserve 445,457
 Other Reserves 0
 Undivided Earnings 383,384
  TOTAL EQUITY 828,841
  TOTAL LIABILITIES, SHARES, & EQUITY 6,247,959
INCOME & EXPENSE  
 Loan Income 25,859
 Investment Income 4,859
 Other Income 2,609
 Total Employee Compensation & Benefits 18,760
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 30,103
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,240
 Cost of Funds 1,256
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -10,714
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