Dec, 31, 2023 — UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in TYLER, TX with 1 branch location and about $29.97 million in total assets. Opened 92 years ago in 1932, UNITED CREDIT UNION has about 2,250 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 4901 Old Jacksonville Hwy TYLER, TX 75703-3373 |
| Phone: | (903) 595-3604 |
| Fax: | (903) 535-9850 |
| Website: | https://unitedcu.coop |
| Branches: | 1 branch locations |
| Members: | 2,250 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67587 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,965,700 |
| CEO/Manager: | Sherri McElyea |
| Chairperson: | David Adams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,960,812 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,743,302 |
| Unsecured Loans | 1,639,178 |
| Other Loans | 9,248,129 |
| TOTAL LOANS | 18,671,990 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,230 |
| Land And Building | 1,312,091 |
| Other Fixed Assets | 42,146 |
| NCUSIF Deposit | 282,005 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,965,700 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 241 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,871 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,619,656 |
| Regular shares | 9,247,660 |
| All Other Shares & Deposits | 14,871,056 |
| TOTAL SHARES & DEPOSITS | 27,738,372 |
| TOTAL LIABILITIES | 27,762,484 |
| Regular Reserve | 0 |
| Other Reserves | 43,209 |
| Undivided Earnings | 2,160,007 |
| TOTAL EQUITY | 2,203,216 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,965,700 |
| INCOME & EXPENSE | |
| Loan Income | 998,817 |
| Investment Income | 127,764 |
| Other Income | 216,250 |
| Total Employee Compensation & Benefits | 378,223 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 590,346 |
| Non-operating Income & (Expense) | 25,150 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,461 |
| Cost of Funds | 252,964 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,676 |
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