Dec, 31, 2021 — EECU CREDIT UNION (EECU) is a federally insured state chartered credit union headquartered in FORT WORTH, TX with 16 branch locations and about $3.35 billion in total assets. Opened 88 years ago in 1934, EECU CREDIT UNION (EECU) has about 253,925 members and employs 393 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EECU CREDIT UNION |
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Address: (Main Office) | 1617 W 7th St FORT WORTH, TX 76102 |
Phone: | (817) 882-0000 |
Fax: | (817) 882-0215 |
Website: | http://www.eecu.org |
Branches: | 16 branch locations |
Members: | 253,925 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67928 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,346,818,050 |
CEO/Manager: | Lonnie Nicholson |
Chairperson: | George Thompson |
ASSETS: | $ Amount |
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Cash & Equivalents | 657,087,782 |
TOTAL INVESTMENTS | 234,648,385 |
Loans Held for Sale | 15,421,786 |
Real Estate Loans | 716,473,015 |
Unsecured Loans | 95,049,246 |
Other Loans | 1,556,534,844 |
TOTAL LOANS | 2,368,057,105 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,736,605 |
Land And Building | 35,559,191 |
Other Fixed Assets | 2,199,181 |
NCUSIF Deposit | 25,021,248 |
All Other Assets | 22,559,977 |
TOTAL ASSETS | 3,346,818,050 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 35,796,126 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 613,689,560 |
Regular shares | 744,240,375 |
All Other Shares & Deposits | 1,594,617,526 |
TOTAL SHARES & DEPOSITS | 2,952,547,461 |
TOTAL LIABILITIES | 2,988,343,587 |
Regular Reserve | 8,650,023 |
Other Reserves | -13,544,909 |
Undivided Earnings | 363,369,349 |
TOTAL EQUITY | 358,474,463 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,346,818,050 |
INCOME & EXPENSE | |
Loan Income | 87,434,014 |
Investment Income | 2,346,484 |
Other Income | 20,211,863 |
Total Employee Compensation & Benefits | 40,864,831 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,338,386 |
Non-operating Income & (Expense) | 28,292 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,291,291 |
Cost of Funds | 16,664,332 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 36,545,114 |
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