Sep, 30, 2025 — NECHES FEDERAL CREDIT UNION is a federal credit union headquartered in PORT NECHES, TX with 11 branch locations and about $1.08 billion in total assets. Opened 74 years ago in 1952, NECHES FEDERAL CREDIT UNION has about 80,657 members and employs 243 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NECHES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 676 Magnolia Ave PORT NECHES, TX 77651 |
| Phone: | (409) 722-1174 |
| Fax: | (409) 721-9838 |
| Website: | https://www.nechesfcu.org |
| Branches: | 11 branch locations |
| Members: | 80,657 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7916 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,083,039,720 |
| CEO/Manager: | Jason Landry |
| Chairperson: | Wesley Spivey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 78,361,734 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 326,938,301 |
| Unsecured Loans | 74,990,802 |
| Other Loans | 413,046,989 |
| TOTAL LOANS | 814,976,092 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,088,283 |
| Land And Building | 34,055,155 |
| Other Fixed Assets | 5,828,588 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,726,732 |
| All Other Assets | 297,281 |
| TOTAL ASSETS | 1,083,039,720 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,508,624 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,271,113 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 163,086,439 |
| Regular shares | 272,053,268 |
| All Other Shares & Deposits | 475,336,424 |
| TOTAL SHARES & DEPOSITS | 910,476,130 |
| TOTAL LIABILITIES | 919,255,867 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 163,783,853 |
| TOTAL EQUITY | 163,783,853 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,083,039,720 |
| INCOME & EXPENSE | |
| Loan Income | 38,628,804 |
| Investment Income | 5,689,330 |
| Other Income | 7,247,710 |
| Total Employee Compensation & Benefits | 14,989,094 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,579,591 |
| Non-operating Income & (Expense) | 810,570 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,660,808 |
| Cost of Funds | 12,301,551 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,077,550 |
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