Dec, 31, 2023 — EECU CREDIT UNION (EECU) is a federally insured state chartered credit union headquartered in FORT WORTH, TX with 19 branch locations and about $3.74 billion in total assets. Opened 90 years ago in 1934, EECU CREDIT UNION (EECU) has about 279,332 members and employs 397 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: | https://www.eecu.org |
| Branches: | 19 branch locations |
| Members: | 279,332 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,739,474,922 |
| CEO/Manager: | Lonnie Nicholson |
| Chairperson: | George Thompson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 436,499,296 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 5,038,390 |
| Real Estate Loans | 960,155,909 |
| Unsecured Loans | 120,917,963 |
| Other Loans | 1,905,677,284 |
| TOTAL LOANS | 2,986,751,154 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,302,662 |
| Land And Building | 36,323,452 |
| Other Fixed Assets | 3,660,690 |
| NCUSIF Deposit | 27,343,180 |
| All Other Assets | 1,904,468 |
| TOTAL ASSETS | 3,739,474,922 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 43,247,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 605,966,407 |
| Regular shares | 622,222,986 |
| All Other Shares & Deposits | 2,020,557,685 |
| TOTAL SHARES & DEPOSITS | 3,248,747,078 |
| TOTAL LIABILITIES | 3,291,994,396 |
| Regular Reserve | 0 |
| Other Reserves | -4,139,165 |
| Undivided Earnings | 451,619,691 |
| TOTAL EQUITY | 447,480,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,739,474,922 |
| INCOME & EXPENSE | |
| Loan Income | 135,331,505 |
| Investment Income | 21,215,717 |
| Other Income | 20,402,412 |
| Total Employee Compensation & Benefits | 43,303,529 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 44,065,296 |
| Non-operating Income & (Expense) | -11,283 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,525,483 |
| Cost of Funds | 55,309,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 46,394,039 |
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