Dec, 31, 2023 — ODESSA EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ODESSA, TX with 2 branch locations and about $20.04 million in total assets. Opened 71 years ago in 1953, ODESSA EMPLOYEES CREDIT UNION has about 1,315 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ODESSA EMPLOYEES CREDIT UNION |
---|---|
Address: (Main Office) | 1006 E 7th St ODESSA, TX 79761-4623 |
Phone: | (432) 333-2510 |
Fax: | (432) 333-3823 |
Website: | https://odessaecu.com |
Branches: | 2 branch locations |
Members: | 1,315 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67534 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,044,503 |
CEO/Manager: | Alva O Acosta |
Chairperson: | Norma Grimaldo |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,670,961 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,755,646 |
Unsecured Loans | 466,728 |
Other Loans | 7,583,037 |
TOTAL LOANS | 9,805,411 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,171 |
Land And Building | 241,252 |
Other Fixed Assets | 28,388 |
NCUSIF Deposit | 166,126 |
All Other Assets | 0 |
TOTAL ASSETS | 20,044,503 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 201,814 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,576,570 |
Regular shares | 11,077,765 |
All Other Shares & Deposits | 2,263,944 |
TOTAL SHARES & DEPOSITS | 16,918,280 |
TOTAL LIABILITIES | 17,120,094 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,924,409 |
TOTAL EQUITY | 2,924,409 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,044,503 |
INCOME & EXPENSE | |
Loan Income | 403,335 |
Investment Income | 199,232 |
Other Income | 130,147 |
Total Employee Compensation & Benefits | 238,334 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 359,249 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,850 |
Cost of Funds | 17,099 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 129,539 |
↑ Back to Top |