Dec, 31, 2023 — TEXAS BAY CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 9 branch locations and about $707.13 million in total assets. Opened 88 years ago in 1936, TEXAS BAY CREDIT UNION has about 56,566 members and employs 188 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXAS BAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 12611 Fuqua St HOUSTON, TX 77034 |
| Phone: | (713) 852-6700 |
| Fax: | (281) 464-9230 |
| Website: | https://www.texasbaycu.org |
| Branches: | 9 branch locations |
| Members: | 56,566 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67465 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $707,134,300 |
| CEO/Manager: | Jesse Gutierrez |
| Chairperson: | Rudy Wright |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,403,308 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 204,738,710 |
| Unsecured Loans | 127,185,305 |
| Other Loans | 235,112,319 |
| TOTAL LOANS | 567,036,333 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,251,288 |
| Land And Building | 19,826,722 |
| Other Fixed Assets | 3,268,107 |
| NCUSIF Deposit | 5,008,902 |
| All Other Assets | 1,105,824 |
| TOTAL ASSETS | 707,134,300 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,902 |
| Notes & Interest Payable | 81,853,107 |
| Accounts Payable & Other Liabilities | 12,948,714 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 121,055,903 |
| Regular shares | 163,938,388 |
| All Other Shares & Deposits | 258,991,575 |
| TOTAL SHARES & DEPOSITS | 543,985,866 |
| TOTAL LIABILITIES | 643,799,589 |
| Regular Reserve | 0 |
| Other Reserves | 524,433 |
| Undivided Earnings | 62,810,278 |
| TOTAL EQUITY | 63,334,711 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 707,134,300 |
| INCOME & EXPENSE | |
| Loan Income | 35,957,096 |
| Investment Income | 4,465,917 |
| Other Income | 5,927,946 |
| Total Employee Compensation & Benefits | 15,018,805 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,376,085 |
| Non-operating Income & (Expense) | 42,635 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,334,112 |
| Cost of Funds | 9,709,866 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,026,876 |
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