Sep, 30, 2025 — EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in WACO, TX with 8 branch locations and about $582.81 million in total assets. Opened 88 years ago in 1938, EDUCATORS CREDIT UNION has about 27,490 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATORS CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 W STATE Highway 6 WACO, TX 76710-5589 |
| Phone: | (254) 776-7900 |
| Fax: | (254) 751-5876 |
| Website: | https://www.edcu.com |
| Branches: | 8 branch locations |
| Members: | 27,490 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67611 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $582,814,449 |
| CEO/Manager: | WILLIAM M PALASOTA |
| Chairperson: | AL POLLARD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,783,524 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,361,094 |
| Unsecured Loans | 2,571,250 |
| Other Loans | 95,563,108 |
| TOTAL LOANS | 147,495,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -328,604 |
| Land And Building | 4,154,309 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,190,764 |
| All Other Assets | 16,615 |
| TOTAL ASSETS | 582,814,449 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 900,055 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 82,499,329 |
| Regular shares | 173,327,471 |
| All Other Shares & Deposits | 212,550,033 |
| TOTAL SHARES & DEPOSITS | 468,376,833 |
| TOTAL LIABILITIES | 469,276,888 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 113,537,561 |
| TOTAL EQUITY | 113,537,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 582,814,449 |
| INCOME & EXPENSE | |
| Loan Income | 5,869,244 |
| Investment Income | 12,424,929 |
| Other Income | 1,573,646 |
| Total Employee Compensation & Benefits | 3,554,848 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,209,584 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,797 |
| Cost of Funds | 5,509,020 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,533,865 |
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