Sep, 30, 2025 — 1ST UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in WACO, TX with 1 branch location and about $17.69 million in total assets. Opened 70 years ago in 1956, 1ST UNIVERSITY CREDIT UNION has about 1,900 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 24 La Salle Ave unit C WACO, TX 76706 |
| Phone: | (254) 752-2797 |
| Fax: | (254) 752-0552 |
| Website: | https://www.culink.net |
| Branches: | 1 branch locations |
| Members: | 1,900 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67483 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,687,912 |
| CEO/Manager: | Kevin Hood |
| Chairperson: | Randy Wood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,803,634 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,659,342 |
| Unsecured Loans | 1,167,613 |
| Other Loans | 4,890,459 |
| TOTAL LOANS | 12,717,414 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,344 |
| Land And Building | 0 |
| Other Fixed Assets | 626,922 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 150,279 |
| All Other Assets | 414,627 |
| TOTAL ASSETS | 17,687,912 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -7,579 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,043,978 |
| Regular shares | 9,047,044 |
| All Other Shares & Deposits | 3,771,207 |
| TOTAL SHARES & DEPOSITS | 15,862,230 |
| TOTAL LIABILITIES | 15,854,651 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,833,261 |
| TOTAL EQUITY | 1,833,261 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,687,912 |
| INCOME & EXPENSE | |
| Loan Income | 618,586 |
| Investment Income | 11,986 |
| Other Income | 384,158 |
| Total Employee Compensation & Benefits | 417,129 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 502,732 |
| Non-operating Income & (Expense) | 20,910 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,430 |
| Cost of Funds | 90,531 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,773 |
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