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SWEETEX CREDIT UNION

Dec, 31, 2023 — SWEETEX CREDIT UNION is a federally insured state chartered credit union headquartered in LONGVIEW, TX with 1 branch location and about $10.04 million in total assets. Opened 73 years ago in 1951, SWEETEX CREDIT UNION has about 767 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SWEETEX CREDIT UNION
Address:
(Main Office)
4421 W Loop 281
LONGVIEW, TX 75604
Phone:(903) 753-1150
Fax:(903) 753-2078
Website:n/a
Branches:1 branch locations
Members:767
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67520
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1951
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$10,035,093
CEO/Manager:LaWanda Drennan
Chairperson:Rita Hogan

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 351,840
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 277,341
 Unsecured Loans 70,219
 Other Loans 3,390,226
 TOTAL LOANS 3,737,786
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,934
 Land And Building 0
 Other Fixed Assets 15,655
 NCUSIF Deposit 72,562
 All Other Assets 0
  TOTAL ASSETS 10,035,093
LIABILITIES & CAPITAL:  
 Dividends Payable 1,605
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 48,191
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,286,276
 All Other Shares & Deposits 1,177,372
  TOTAL SHARES & DEPOSITS 6,463,648
  TOTAL LIABILITIES 6,513,444
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,521,649
  TOTAL EQUITY 3,521,649
  TOTAL LIABILITIES, SHARES, & EQUITY 10,035,093
INCOME & EXPENSE  
 Loan Income 164,016
 Investment Income 120,477
 Other Income 225
 Total Employee Compensation & Benefits 176,840
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 49,643
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 64,093
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,144
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