Dec, 31, 2023 — BRAZOS VALLEY SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in KATY, TX with 14 branch locations and about $956.76 million in total assets. Opened 70 years ago in 1954, BRAZOS VALLEY SCHOOLS CREDIT UNION has about 62,670 members and employs 179 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BRAZOS VALLEY SCHOOLS CREDIT UNION |
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Address: (Main Office) | 25525 Katy Mills Pkwy KATY, TX 77494 |
Phone: | (281) 391-2149 |
Fax: | (281) 391-8158 |
Website: | https://www.bvscu.org |
Branches: | 14 branch locations |
Members: | 62,670 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66353 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $956,759,914 |
CEO/Manager: | Yvonne E Kershner |
Chairperson: | Michael Griffin |
ASSETS: | $ Amount |
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Cash & Equivalents | 98,384,982 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 161,235,816 |
Unsecured Loans | 90,388,096 |
Other Loans | 194,627,781 |
TOTAL LOANS | 446,251,693 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,390,511 |
Land And Building | 25,635,362 |
Other Fixed Assets | 3,355,725 |
NCUSIF Deposit | 8,424,386 |
All Other Assets | 471 |
TOTAL ASSETS | 956,759,914 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,122 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,143,963 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 173,841,466 |
Regular shares | 362,264,559 |
All Other Shares & Deposits | 322,186,681 |
TOTAL SHARES & DEPOSITS | 858,292,707 |
TOTAL LIABILITIES | 862,439,284 |
Regular Reserve | 0 |
Other Reserves | 49,068,677 |
Undivided Earnings | 45,251,953 |
TOTAL EQUITY | 94,320,630 |
TOTAL LIABILITIES, SHARES, & EQUITY | 956,759,914 |
INCOME & EXPENSE | |
Loan Income | 23,938,679 |
Investment Income | 9,015,608 |
Other Income | 5,364,258 |
Total Employee Compensation & Benefits | 12,802,741 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,613,452 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,710,676 |
Cost of Funds | 7,354,547 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,588,853 |
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