Jun, 30, 2021 — EECU CREDIT UNION (EECU) is a federally insured state chartered credit union headquartered in Fort Worth, TX with 16 branch locations and about $3.17 billion in total assets. Opened 87 years ago in 1934, EECU CREDIT UNION (EECU) has about 243,382 members and employs 392 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: | 243,382 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,174,228,645 |
| CEO/Manager: | Lonnie Nicholson |
| Chairperson: | George Thompson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 625,462,804 |
| TOTAL INVESTMENTS | 217,811,215 |
| Loans Held for Sale | 750,000 |
| Real Estate Loans | 679,465,427 |
| Unsecured Loans | 94,285,573 |
| Other Loans | 1,492,973,312 |
| TOTAL LOANS | 2,266,724,312 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,913,321 |
| Land And Building | 35,256,290 |
| Other Fixed Assets | 2,996,850 |
| NCUSIF Deposit | 22,831,591 |
| All Other Assets | 16,308,904 |
| TOTAL ASSETS | 3,174,228,645 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,346,627 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 575,840,770 |
| Regular shares | 714,809,375 |
| All Other Shares & Deposits | 1,509,251,540 |
| TOTAL SHARES & DEPOSITS | 2,799,901,685 |
| TOTAL LIABILITIES | 2,835,248,312 |
| Regular Reserve | 8,650,023 |
| Other Reserves | -14,237,036 |
| Undivided Earnings | 344,567,346 |
| TOTAL EQUITY | 338,980,333 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,174,228,645 |
| INCOME & EXPENSE | |
| Loan Income | 43,017,849 |
| Investment Income | 951,995 |
| Other Income | 9,254,133 |
| Total Employee Compensation & Benefits | 20,214,375 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,903,062 |
| Non-operating Income & (Expense) | 9,191 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 621,265 |
| Cost of Funds | 8,549,833 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,743,112 |
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