Mar, 31, 2022 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in HASLET, TX with 5 branch locations and about $60.82 million in total assets. Opened 47 years ago in 1975, MY CREDIT UNION has about 6,699 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MY CREDIT UNION |
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Address: (Main Office) | 13016 Highway 287 HASLET, TX 76052-2618 |
Phone: | (682) 207-3886 |
Fax: | |
Website: | http://www.mycutx.com |
Branches: | 5 branch locations |
Members: | 6,699 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68545 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $60,822,777 |
CEO/Manager: | Ryan Smith |
Chairperson: | Sharon E Bailey |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,442,044 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,117,315 |
Unsecured Loans | 435,646 |
Other Loans | 24,983,428 |
TOTAL LOANS | 29,536,389 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,180 |
Land And Building | 1,418,310 |
Other Fixed Assets | 51,870 |
NCUSIF Deposit | 477,583 |
All Other Assets | 0 |
TOTAL ASSETS | 60,822,777 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,416,867 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,289,855 |
Regular shares | 36,881,322 |
All Other Shares & Deposits | 3,916,443 |
TOTAL SHARES & DEPOSITS | 55,087,620 |
TOTAL LIABILITIES | 56,504,487 |
Regular Reserve | 0 |
Other Reserves | 808,367 |
Undivided Earnings | 3,509,923 |
TOTAL EQUITY | 4,318,290 |
TOTAL LIABILITIES, SHARES, & EQUITY | 60,822,777 |
INCOME & EXPENSE | |
Loan Income | 327,545 |
Investment Income | 23,883 |
Other Income | 189,994 |
Total Employee Compensation & Benefits | 259,201 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 191,903 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 10,705 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 126,465 |
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