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REED CREDIT UNION

Jun, 30, 2021 — REED CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $17.64 million in total assets. Opened 86 years ago in 1935, REED CREDIT UNION has about 1,211 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 #125
HOUSTON, TX 77029-1994
Phone:(713) 673-3333
Fax:(713) 673-2420
Website:http://reedcreditunion.com
Branches:1 branch locations
Members:1,211
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:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$17,638,184
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 925,412
TOTAL INVESTMENTS 13,502,430
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 12,384
 Other Loans 2,989,220
 TOTAL LOANS 3,001,604
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,008
 Land And Building 0
 Other Fixed Assets 10,444
 NCUSIF Deposit 129,698
 All Other Assets 83,604
  TOTAL ASSETS 17,638,184
LIABILITIES & CAPITAL:  
 Dividends Payable 5,240
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 21,228
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,225,903
 Regular shares 10,228,371
 All Other Shares & Deposits 3,610,590
  TOTAL SHARES & DEPOSITS 15,064,864
  TOTAL LIABILITIES 15,091,332
 Regular Reserve 166,569
 Other Reserves 0
 Undivided Earnings 2,380,283
  TOTAL EQUITY 2,546,852
  TOTAL LIABILITIES, SHARES, & EQUITY 17,638,184
INCOME & EXPENSE  
 Loan Income 66,977
 Investment Income 106,250
 Other Income 10,510
 Total Employee Compensation & Benefits 125,031
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 76,828
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,987
 Cost of Funds 11,040
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,167
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