Jun, 30, 2024 — HOUSTON HIGHWAY CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $49.29 million in total assets. Opened 72 years ago in 1952, HOUSTON HIGHWAY CREDIT UNION has about 3,429 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOUSTON HIGHWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 8120 Washington Ave HOUSTON, TX 77007 |
| Phone: | (713) 864-4438 |
| Fax: | (713) 864-1714 |
| Website: | https://www.houstonhighwaycu.com |
| Branches: | 1 branch locations |
| Members: | 3,429 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67627 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,285,474 |
| CEO/Manager: | Wayne Watters |
| Chairperson: | Mike Alford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,475,106 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,657,144 |
| Unsecured Loans | 4,358,523 |
| Other Loans | 19,675,523 |
| TOTAL LOANS | 30,691,190 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -541,819 |
| Land And Building | 2,145,729 |
| Other Fixed Assets | 245,910 |
| NCUSIF Deposit | 466,923 |
| All Other Assets | 187,920 |
| TOTAL ASSETS | 49,285,474 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -88,904 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,327,753 |
| Regular shares | 29,629,587 |
| All Other Shares & Deposits | 8,500,810 |
| TOTAL SHARES & DEPOSITS | 47,458,150 |
| TOTAL LIABILITIES | 47,369,246 |
| Regular Reserve | 0 |
| Other Reserves | -547,124 |
| Undivided Earnings | 2,463,352 |
| TOTAL EQUITY | 1,916,228 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,285,474 |
| INCOME & EXPENSE | |
| Loan Income | 1,158,889 |
| Investment Income | 83,192 |
| Other Income | 286,841 |
| Total Employee Compensation & Benefits | 245,088 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,260,080 |
| Non-operating Income & (Expense) | 32,388 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 571,432 |
| Cost of Funds | 31,266 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -887,533 |
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