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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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