Dec, 31, 2023 — SOUTHEAST TEXAS CREDIT UNION (EASTEX) is a non-federally insured state credit union headquartered in BUNA, TX with 5 branch locations and about $116.64 million in total assets. Opened 69 years ago in 1955, SOUTHEAST TEXAS CREDIT UNION (EASTEX) has about 10,981 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: | SOUTHEAST TEXAS CREDIT UNION |
|---|---|
| Address: (Main Office) | 966 FM 105 BUNA, TX 77612 |
| Phone: | (409) 276-2525 |
| Fax: | (409) 276-2522 |
| Website: | https://www.eastexcu.org |
| Branches: | 5 branch locations |
| Members: | 10,981 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97098 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $116,636,153 |
| CEO/Manager: | Loretta J Chatagnier |
| Chairperson: | James Parsley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,612,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,223,738 |
| Unsecured Loans | 7,582,687 |
| Other Loans | 58,315,230 |
| TOTAL LOANS | 70,121,655 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -574,197 |
| Land And Building | 2,770,821 |
| Other Fixed Assets | 752,837 |
| NCUSIF Deposit | 0 |
| All Other Assets | 213,422 |
| TOTAL ASSETS | 116,636,153 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,170 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 867,298 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,479,582 |
| Regular shares | 52,114,331 |
| All Other Shares & Deposits | 29,781,319 |
| TOTAL SHARES & DEPOSITS | 103,375,232 |
| TOTAL LIABILITIES | 104,259,700 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,376,453 |
| TOTAL EQUITY | 12,376,453 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 116,636,153 |
| INCOME & EXPENSE | |
| Loan Income | 3,468,408 |
| Investment Income | 448,996 |
| Other Income | 1,576,902 |
| Total Employee Compensation & Benefits | 2,008,076 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,638,451 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 393,277 |
| Cost of Funds | 731,518 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 282,105 |
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