Dec, 31, 2021 — CONCHO VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SAN ANGELO, TX with 1 branch location and about $24.76 million in total assets. Opened 92 years ago in 1930, CONCHO VALLEY CREDIT UNION has about 1,396 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONCHO VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1002 S Abe St SAN ANGELO, TX 76903-7240 |
| Phone: | (325) 658-7557 |
| Fax: | (325) 658-4395 |
| Website: | http://www.conchovalleycu.com |
| Branches: | 1 branch locations |
| Members: | 1,396 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67473 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Aug 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,763,093 |
| CEO/Manager: | Kimberly Perrine |
| Chairperson: | Vona Hudson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,323,809 |
| TOTAL INVESTMENTS | 12,992,734 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,030,867 |
| Unsecured Loans | 581,885 |
| Other Loans | 5,059,368 |
| TOTAL LOANS | 9,672,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,997 |
| Land And Building | 469,273 |
| Other Fixed Assets | 77,332 |
| NCUSIF Deposit | 198,052 |
| All Other Assets | 41,770 |
| TOTAL ASSETS | 24,763,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,778 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 95,245 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,173,131 |
| Regular shares | 8,584,252 |
| All Other Shares & Deposits | 9,689,181 |
| TOTAL SHARES & DEPOSITS | 22,446,564 |
| TOTAL LIABILITIES | 22,544,587 |
| Regular Reserve | 371,798 |
| Other Reserves | 0 |
| Undivided Earnings | 1,846,708 |
| TOTAL EQUITY | 2,218,506 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,763,093 |
| INCOME & EXPENSE | |
| Loan Income | 428,870 |
| Investment Income | 39,385 |
| Other Income | 106,672 |
| Total Employee Compensation & Benefits | 302,417 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 265,347 |
| Non-operating Income & (Expense) | 30 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 705 |
| Cost of Funds | 28,751 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 81,726 |
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