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ODESSA EMPLOYEES CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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