Dec, 31, 2023 — RELYON CREDIT UNION is a federally insured state chartered credit union headquartered in KAUFMAN, TX with 2 branch locations and about $81.92 million in total assets. Opened 72 years ago in 1952, RELYON CREDIT UNION has about 8,319 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RELYON CREDIT UNION |
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Address: (Main Office) | 315 E Fair St KAUFMAN, TX 75142-3527 |
Phone: | (972) 932-8323 |
Fax: | (972) 932-8393 |
Website: | https://www.relyoncu.org |
Branches: | 2 branch locations |
Members: | 8,319 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68325 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $81,920,034 |
CEO/Manager: | Sarah Spooner |
Chairperson: | Alberto Gomez |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,031,580 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,270,836 |
Unsecured Loans | 6,769,414 |
Other Loans | 60,164,231 |
TOTAL LOANS | 68,204,481 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,094,759 |
Land And Building | 2,092,798 |
Other Fixed Assets | 2,087,746 |
NCUSIF Deposit | 722,558 |
All Other Assets | 0 |
TOTAL ASSETS | 81,920,034 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,423,554 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,913,950 |
Regular shares | 21,044,853 |
All Other Shares & Deposits | 38,420,093 |
TOTAL SHARES & DEPOSITS | 74,378,896 |
TOTAL LIABILITIES | 76,802,450 |
Regular Reserve | 0 |
Other Reserves | -17,918 |
Undivided Earnings | 5,135,502 |
TOTAL EQUITY | 5,117,584 |
TOTAL LIABILITIES, SHARES, & EQUITY | 81,920,034 |
INCOME & EXPENSE | |
Loan Income | 5,092,353 |
Investment Income | 378,404 |
Other Income | 1,164,003 |
Total Employee Compensation & Benefits | 2,959,109 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,296,886 |
Non-operating Income & (Expense) | -1 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,266,587 |
Cost of Funds | 1,118,695 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,951,674 |
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