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1ST UNIVERSITY CREDIT UNION

Sep, 30, 2021 — 1ST UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in Waco, TX with 1 branch location and about $13.97 million in total assets. Opened 65 years ago in 1956, 1ST UNIVERSITY CREDIT UNION has about 1,506 members and employs 12 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:1,506
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:$13,973,479
CEO/Manager:Gary D Parker
Chairperson:Randy Wood

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,054,625
TOTAL INVESTMENTS 7,133
Loans Held for Sale 0
 
 Real Estate Loans 4,291,935
 Unsecured Loans 591,767
 Other Loans 3,429,476
 TOTAL LOANS 8,313,178
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,332
 Land And Building 0
 Other Fixed Assets 409,477
 NCUSIF Deposit 117,923
 All Other Assets 1,103,475
  TOTAL ASSETS 13,973,479
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 69,735
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,276,562
 Regular shares 8,083,995
 All Other Shares & Deposits 1,464,840
  TOTAL SHARES & DEPOSITS 12,825,397
  TOTAL LIABILITIES 12,895,132
 Regular Reserve 390,774
 Other Reserves 0
 Undivided Earnings 687,573
  TOTAL EQUITY 1,078,347
  TOTAL LIABILITIES, SHARES, & EQUITY 13,973,479
INCOME & EXPENSE  
 Loan Income 333,676
 Investment Income 530
 Other Income 552,609
 Total Employee Compensation & Benefits 408,470
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 390,891
 Non-operating Income & (Expense) 56,243
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 17,189
 Cost of Funds 8,350
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 126,186
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