Sep, 30, 2025 — GENCO FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 5 branch locations and about $475.69 million in total assets. Opened 73 years ago in 1953, GENCO FEDERAL CREDIT UNION has about 38,606 members and employs 101 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GENCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 731 N Valley Mills Dr WACO, TX 76710-4848 |
| Phone: | (254) 776-9550 |
| Fax: | (254) 776-4633 |
| Website: | https://www.gencofcu.org |
| Branches: | 5 branch locations |
| Members: | 38,606 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8585 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $475,688,142 |
| CEO/Manager: | Neil Ling |
| Chairperson: | Robert B Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 79,482,018 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,024,119 |
| Unsecured Loans | 19,539,275 |
| Other Loans | 175,120,997 |
| TOTAL LOANS | 222,684,392 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,467,371 |
| Land And Building | 7,390,731 |
| Other Fixed Assets | 458,345 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,707,307 |
| All Other Assets | 0 |
| TOTAL ASSETS | 475,688,142 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,337,557 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,541,302 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 83,633,265 |
| Regular shares | 153,372,666 |
| All Other Shares & Deposits | 171,850,623 |
| TOTAL SHARES & DEPOSITS | 408,856,555 |
| TOTAL LIABILITIES | 411,736,528 |
| Regular Reserve | 0 |
| Other Reserves | 97,641 |
| Undivided Earnings | 63,853,973 |
| TOTAL EQUITY | 63,951,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 475,688,142 |
| INCOME & EXPENSE | |
| Loan Income | 10,032,168 |
| Investment Income | 6,812,045 |
| Other Income | 5,362,914 |
| Total Employee Compensation & Benefits | 5,489,508 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,036,012 |
| Non-operating Income & (Expense) | -6,047 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,183,142 |
| Cost of Funds | 4,782,109 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,564,888 |
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