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 |
| 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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