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1ST UNIVERSITY CREDIT UNION

Dec, 31, 2023 — 1ST UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in WACO, TX with 1 branch location and about $19.55 million in total assets. Opened 68 years ago in 1956, 1ST UNIVERSITY CREDIT UNION has about 1,818 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:1ST UNIVERSITY CREDIT UNION
Address:
(Main Office)
24 La Salle Ave unit C
WACO, TX 76706
Phone:(254) 752-2797
Fax:(254) 752-0552
Website:https://www.culink.net
Branches:1 branch locations
Members:1,818
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67483
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1956
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$19,549,898
CEO/Manager:Kevin Hood
Chairperson:Randy Wood

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,876,615
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,903,834
 Unsecured Loans 921,767
 Other Loans 4,902,868
 TOTAL LOANS 14,728,469
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,270
 Land And Building 465,028
 Other Fixed Assets 0
 NCUSIF Deposit 165,924
 All Other Assets 105,015
  TOTAL ASSETS 19,549,898
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 610,000
 Accounts Payable & Other Liabilities 77,023
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,443,896
 Regular shares 9,658,850
 All Other Shares & Deposits 3,911,517
  TOTAL SHARES & DEPOSITS 17,014,263
  TOTAL LIABILITIES 17,701,286
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,848,612
  TOTAL EQUITY 1,848,612
  TOTAL LIABILITIES, SHARES, & EQUITY 19,549,898
INCOME & EXPENSE  
 Loan Income 855,249
 Investment Income 58,503
 Other Income 656,108
 Total Employee Compensation & Benefits 810,202
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 589,299
 Non-operating Income & (Expense) 31,315
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -38,464
 Cost of Funds 224,765
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 20,280
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