Dec, 31, 2023 — WEST TEXAS CREDIT UNION is a federally insured state chartered credit union headquartered in ODESSA, TX with 3 branch locations and about $62.40 million in total assets. Opened 71 years ago in 1953, WEST TEXAS CREDIT UNION has about 4,824 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEST TEXAS CREDIT UNION |
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Address: (Main Office) | 4301 Mission Blvd ODESSA, TX 79765 |
Phone: | (432) 934-0433 |
Fax: | (432) 934-0434 |
Website: | https://www.westtexascu.com |
Branches: | 3 branch locations |
Members: | 4,824 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67592 |
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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: | $62,401,961 |
CEO/Manager: | Adrian Rubio |
Chairperson: | Robert S Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,670,596 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,170,142 |
Unsecured Loans | 1,541,645 |
Other Loans | 22,104,090 |
TOTAL LOANS | 33,815,878 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -163,566 |
Land And Building | 4,542,361 |
Other Fixed Assets | 338,809 |
NCUSIF Deposit | 522,735 |
All Other Assets | 0 |
TOTAL ASSETS | 62,401,961 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 562,065 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,242,128 |
Regular shares | 30,030,679 |
All Other Shares & Deposits | 10,287,673 |
TOTAL SHARES & DEPOSITS | 55,560,481 |
TOTAL LIABILITIES | 56,122,546 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,279,415 |
TOTAL EQUITY | 6,279,415 |
TOTAL LIABILITIES, SHARES, & EQUITY | 62,401,961 |
INCOME & EXPENSE | |
Loan Income | 1,727,615 |
Investment Income | 878,581 |
Other Income | 891,218 |
Total Employee Compensation & Benefits | 1,494,055 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,821,546 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,782 |
Cost of Funds | 136,778 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 380,037 |
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