Dec, 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 $7.82 million in total assets. Opened 73 years ago in 1950, THE ELECTRIC UTILITIES CREDIT UNION has about 570 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: | 570 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,817,730 |
| CEO/Manager: | Carol I Jeter |
| Chairperson: | Louis Salazar |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,449,354 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 264,109 |
| Other Loans | 1,178,836 |
| TOTAL LOANS | 1,442,945 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,074 |
| Land And Building | 20,500 |
| Other Fixed Assets | 10,955 |
| NCUSIF Deposit | 55,314 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,817,730 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,228 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,120 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 616,817 |
| Regular shares | 5,417,202 |
| All Other Shares & Deposits | 952,039 |
| TOTAL SHARES & DEPOSITS | 6,986,058 |
| TOTAL LIABILITIES | 7,001,406 |
| Regular Reserve | 0 |
| Other Reserves | 445,457 |
| Undivided Earnings | 370,867 |
| TOTAL EQUITY | 816,324 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,817,730 |
| INCOME & EXPENSE | |
| Loan Income | 65,937 |
| Investment Income | 44,371 |
| Other Income | 12,209 |
| Total Employee Compensation & Benefits | 60,816 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 86,363 |
| 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 | 3,841 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,927 |
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