BORGER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.borgerfcu.com for more information.
Dec, 31, 2023 — BORGER FEDERAL CREDIT UNION is a federal credit union headquartered in Borger, TX with 1 branch location and about $19.03 million in total assets. Opened 74 years ago in 1950, BORGER FEDERAL CREDIT UNION has about 2,092 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BORGER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1051 N Florida Borger, TX 79007 |
| Phone: | (806) 273-9506 |
| Fax: | (806) 273-3427 |
| Website: | https://www.borgerfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,092 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6625 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,031,089 |
| CEO/Manager: | Lisa A Jones |
| Chairperson: | David R McCauley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,231,592 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 398,502 |
| Unsecured Loans | 885,067 |
| Other Loans | 8,913,645 |
| TOTAL LOANS | 10,197,214 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,292 |
| Land And Building | 342,304 |
| Other Fixed Assets | 32,456 |
| NCUSIF Deposit | 157,657 |
| All Other Assets | 18,579 |
| TOTAL ASSETS | 19,031,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 447 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 112,041 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,828,040 |
| Regular shares | 8,366,852 |
| All Other Shares & Deposits | 4,458,723 |
| TOTAL SHARES & DEPOSITS | 16,653,615 |
| TOTAL LIABILITIES | 16,766,103 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,264,986 |
| TOTAL EQUITY | 2,264,986 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,031,089 |
| INCOME & EXPENSE | |
| Loan Income | 408,491 |
| Investment Income | 36,311 |
| Other Income | 127,860 |
| Total Employee Compensation & Benefits | 279,359 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 309,030 |
| Non-operating Income & (Expense) | -3 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 40,744 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,992 |
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