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1ST UNIVERSITY CREDIT UNION

Mar, 31, 2021 — 1ST UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in Waco, TX with 1 branch location and about $13.99 million in total assets. Opened 65 years ago in 1956, 1ST UNIVERSITY CREDIT UNION has about 1,594 members and employs 8 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:http://www.culink.net
Branches:1 branch locations
Members:1,594
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,990,984
CEO/Manager:Gary D Parker
Chairperson:Jerry Johnson

Call Report

  • Debt Cancellation/Suspension
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,499,621
TOTAL INVESTMENTS 7,133
Loans Held for Sale 0
 
 Real Estate Loans 5,731,819
 Unsecured Loans 626,292
 Other Loans 3,516,161
 TOTAL LOANS 9,874,272
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,167
 Land And Building 0
 Other Fixed Assets 458,044
 NCUSIF Deposit 104,332
 All Other Assets 1,081,749
  TOTAL ASSETS 13,990,984
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 75,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,633,474
 Regular shares 7,911,539
 All Other Shares & Deposits 1,405,870
  TOTAL SHARES & DEPOSITS 12,950,883
  TOTAL LIABILITIES 13,026,070
 Regular Reserve 390,774
 Other Reserves 0
 Undivided Earnings 574,140
  TOTAL EQUITY 964,914
  TOTAL LIABILITIES, SHARES, & EQUITY 13,990,984
INCOME & EXPENSE  
 Loan Income 111,378
 Investment Income 53
 Other Income 155,762
 Total Employee Compensation & Benefits 125,422
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,382
 Non-operating Income & (Expense) -3,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,634
 Cost of Funds 2,578
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,753
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