Sep, 30, 2025 — REED CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $15.28 million in total assets. Opened 91 years ago in 1935, REED CREDIT UNION has about 1,001 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REED CREDIT UNION |
|---|---|
| Address: (Main Office) | 10200 EAST FWY STE 125 HOUSTON, TX 77029-1994 |
| Phone: | (713) 673-3333 |
| Fax: | (713) 673-2420 |
| Website: | https://www.reedcreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,001 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67486 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,282,149 |
| CEO/Manager: | CARLA CLAKLEY |
| Chairperson: | ROGER RATCLIFF |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 275,198 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 10,286 |
| Other Loans | 2,119,262 |
| TOTAL LOANS | 2,129,548 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,475 |
| Land And Building | 0 |
| Other Fixed Assets | 40,353 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 108,668 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,282,149 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,007 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,004 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 660,569 |
| Regular shares | 6,378,398 |
| All Other Shares & Deposits | 5,475,409 |
| TOTAL SHARES & DEPOSITS | 12,514,376 |
| TOTAL LIABILITIES | 12,548,387 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,733,762 |
| TOTAL EQUITY | 2,733,762 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,282,149 |
| INCOME & EXPENSE | |
| Loan Income | 101,006 |
| Investment Income | 425,291 |
| Other Income | 21,155 |
| Total Employee Compensation & Benefits | 186,059 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 138,894 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,104 |
| Cost of Funds | 154,530 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 65,865 |
| ↑ Back to Top | |