Credit Unions Near Me
National Credit Union Service Organization

REED CREDIT UNION

Mar, 31, 2022 — REED CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $17.01 million in total assets. Opened 87 years ago in 1935, REED CREDIT UNION has about 1,197 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:http://reedcreditunion.com
Branches:1 branch locations
Members:1,197
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$17,006,600
CEO/Manager:DOROTHY HYMAN
Chairperson:WILSON SEPULVADO

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 364,008
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 4,854
 Other Loans 3,763,004
 TOTAL LOANS 3,767,858
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,839
 Land And Building 9,365
 Other Fixed Assets 0
 NCUSIF Deposit 129,698
 All Other Assets 0
  TOTAL ASSETS 17,006,600
LIABILITIES & CAPITAL:  
 Dividends Payable 5,094
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 24,833
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 903,188
 Regular shares 10,089,784
 All Other Shares & Deposits 3,456,621
  TOTAL SHARES & DEPOSITS 14,449,593
  TOTAL LIABILITIES 14,479,520
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,527,080
  TOTAL EQUITY 2,527,080
  TOTAL LIABILITIES, SHARES, & EQUITY 17,006,600
INCOME & EXPENSE  
 Loan Income 35,129
 Investment Income 46,814
 Other Income 6,170
 Total Employee Compensation & Benefits 62,933
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,723
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,058
 Cost of Funds 5,149
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -18,782
↑ Back to Top

Other Credit Unions

PORT OF HOUSTON WAREHOUSE FEDERAL CREDIT UNION
1717 East Loop N Ste 160
HOUSTON, TX 77029-4018
PORT OF HOUSTON CREDIT UNION
111 East Loop N
HOUSTON, TX 77029
PORT TERMINAL FEDERAL CREDIT UNION
8934 Manchester St # 215
HOUSTON, TX 77012-2149
SP TRAINMEN FEDERAL CREDIT UNION
12655 Woodforest Blvd Ste 855
HOUSTON, TX 77015-3466
MT CARMEL CHURCH FEDERAL CREDIT UNION
8951 Ruthby St Ste 4A
HOUSTON, TX 77061
PASADENA POSTAL CREDIT UNION
1199 Pasadena Blvd
PASADENA, TX 77501
PASADENA MUNICIPAL FEDERAL CREDIT UNION
1155 Strawberry Rd
PASADENA, TX 77506-4837
SHARED RESOURCES CREDIT UNION
P.O. Box 888
PASADENA, TX 77501
SPACE CITY CREDIT UNION
3101 Harrisburg Blvd
HOUSTON, TX 77003