Dec, 31, 2021 — HIGHWAY DISTRICT 2 CREDIT UNION is a federally insured state chartered credit union headquartered in FORT WORTH, TX with 1 branch location and about $5.46 million in total assets. Opened 64 years ago in 1958, HIGHWAY DISTRICT 2 CREDIT UNION has about 739 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGHWAY DISTRICT 2 CREDIT UNION |
|---|---|
| Address: (Main Office) | 6112 McCart Ave FORT WORTH, TX 76133 |
| Phone: | (817) 346-4920 |
| Fax: | |
| Website: | http://www.dist2cu.com |
| Branches: | 1 branch locations |
| Members: | 739 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67468 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Feb 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,459,341 |
| CEO/Manager: | Dania K Pearson |
| Chairperson: | Zelma A Myers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 500,417 |
| TOTAL INVESTMENTS | 2,832,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 208,663 |
| Other Loans | 1,873,147 |
| TOTAL LOANS | 2,081,810 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,698 |
| Land And Building | 0 |
| Other Fixed Assets | 1,717 |
| NCUSIF Deposit | 43,053 |
| All Other Assets | 16,042 |
| TOTAL ASSETS | 5,459,341 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,591 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,182,155 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,182,155 |
| TOTAL LIABILITIES | 4,190,746 |
| Regular Reserve | 264,500 |
| Other Reserves | 0 |
| Undivided Earnings | 1,004,095 |
| TOTAL EQUITY | 1,268,595 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,459,341 |
| INCOME & EXPENSE | |
| Loan Income | 129,538 |
| Investment Income | 16,878 |
| Other Income | 9,430 |
| Total Employee Compensation & Benefits | 107,790 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,626 |
| Non-operating Income & (Expense) | 39,475 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,908 |
| Cost of Funds | 10,467 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,346 |
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