Dec, 31, 2021 — HOCKLEY COUNTY SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LEVELLAND, TX with 1 branch location and about $33.27 million in total assets. Opened 68 years ago in 1954, HOCKLEY COUNTY SCHOOL EMPLOYEES CREDIT UNION has about 3,267 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOCKLEY COUNTY SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 504 Clubview Dr LEVELLAND, TX 79336 |
| Phone: | (806) 894-6204 |
| Fax: | (806) 897-4071 |
| Website: | http://www.hcsecu.org |
| Branches: | 1 branch locations |
| Members: | 3,267 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67516 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,266,830 |
| CEO/Manager: | Russell W Vest |
| Chairperson: | Lyndon Hardin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,380,218 |
| TOTAL INVESTMENTS | 8,543,561 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,679,340 |
| Other Loans | 16,892,284 |
| TOTAL LOANS | 18,571,624 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -143,299 |
| Land And Building | 617,319 |
| Other Fixed Assets | 26,288 |
| NCUSIF Deposit | 242,007 |
| All Other Assets | 3,029,112 |
| TOTAL ASSETS | 33,266,830 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,888 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 581,126 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 269,044 |
| Regular shares | 16,296,299 |
| All Other Shares & Deposits | 12,005,896 |
| TOTAL SHARES & DEPOSITS | 28,571,239 |
| TOTAL LIABILITIES | 29,171,253 |
| Regular Reserve | 252,878 |
| Other Reserves | 0 |
| Undivided Earnings | 3,842,699 |
| TOTAL EQUITY | 4,095,577 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,266,830 |
| INCOME & EXPENSE | |
| Loan Income | 1,172,811 |
| Investment Income | 60,457 |
| Other Income | 80,762 |
| Total Employee Compensation & Benefits | 587,505 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 470,703 |
| Non-operating Income & (Expense) | 77,317 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,619 |
| Cost of Funds | 168,731 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 234,131 |
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