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WESTEX COMMUNITY CREDIT UNION

Mar, 31, 2021 — WESTEX COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KERMIT, TX with 3 branch locations and about $140.64 million in total assets. Opened 61 years ago in 1960, WESTEX COMMUNITY CREDIT UNION has about 13,361 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTEX COMMUNITY CREDIT UNION
Address:
(Main Office)
200 E AUSTIN ST
KERMIT, TX 79745
Phone:(432) 586-6631
Fax:(432) 586-2996
Website:http://wccu.net
Branches:3 branch locations
Members:13,361
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67915
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$140,638,151
CEO/Manager:Devora Mitchell
Chairperson:Vonda Warren

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,538,792
TOTAL INVESTMENTS 35,192,726
Loans Held for Sale 0
 
 Real Estate Loans 22,521,960
 Unsecured Loans 7,265,248
 Other Loans 32,324,974
 TOTAL LOANS 62,112,182
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -596,637
 Land And Building 5,268,667
 Other Fixed Assets 337,012
 NCUSIF Deposit 1,002,039
 All Other Assets 4,783,370
  TOTAL ASSETS 140,638,151
LIABILITIES & CAPITAL:  
 Dividends Payable 42
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,571,837
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 37,345,595
 Regular shares 72,700,465
 All Other Shares & Deposits 16,587,772
  TOTAL SHARES & DEPOSITS 126,633,832
  TOTAL LIABILITIES 128,205,711
 Regular Reserve 422,697
 Other Reserves -1,925,794
 Undivided Earnings 13,935,537
  TOTAL EQUITY 12,432,440
  TOTAL LIABILITIES, SHARES, & EQUITY 140,638,151
INCOME & EXPENSE  
 Loan Income 785,134
 Investment Income 125,870
 Other Income 264,432
 Total Employee Compensation & Benefits 650,967
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 526,665
 Non-operating Income & (Expense) 15,986
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 51,362
 Cost of Funds 59,810
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 339,352
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