Dec, 31, 2023 — CEN TEX MANUFACTURING CREDIT UNION is a federally insured state chartered credit union headquartered in BROWNWOOD, TX with 1 branch location and about $13.55 million in total assets. Opened 45 years ago in 1979, CEN TEX MANUFACTURING CREDIT UNION has about 1,375 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CEN TEX MANUFACTURING CREDIT UNION |
|---|---|
| Address: (Main Office) | 4488 Highway 377 S BROWNWOOD, TX 76801 |
| Phone: | (325) 455-7715 |
| Fax: | (512) 793-9753 |
| Website: | https://www.centexmfgcu.org |
| Branches: | 1 branch locations |
| Members: | 1,375 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67602 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,550,340 |
| CEO/Manager: | Erin Windham |
| Chairperson: | Dan Garza |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 706,841 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,113,593 |
| Other Loans | 8,738,156 |
| TOTAL LOANS | 9,851,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,534 |
| Land And Building | 1,019,045 |
| Other Fixed Assets | 78,014 |
| NCUSIF Deposit | 113,512 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,550,340 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 65,600 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,359,650 |
| Regular shares | 5,489,377 |
| All Other Shares & Deposits | 3,721,150 |
| TOTAL SHARES & DEPOSITS | 10,570,178 |
| TOTAL LIABILITIES | 10,635,778 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,914,562 |
| TOTAL EQUITY | 2,914,562 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,550,340 |
| INCOME & EXPENSE | |
| Loan Income | 675,528 |
| Investment Income | 88,725 |
| Other Income | 150,354 |
| Total Employee Compensation & Benefits | 282,084 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 238,011 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,341 |
| Cost of Funds | 117,869 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 261,302 |
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