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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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