Dec, 31, 2023 — BROWNFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNFIELD, TX with 1 branch location and about $12.14 million in total assets. Opened 64 years ago in 1960, BROWNFIELD FEDERAL CREDIT UNION has about 2,750 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BROWNFIELD FEDERAL CREDIT UNION |
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Address: (Main Office) | 201 W Hill St BROWNFIELD, TX 79316 |
Phone: | (806) 637-2751 |
Fax: | (806) 637-9223 |
Website: | https://brownfieldfcu.com |
Branches: | 1 branch locations |
Members: | 2,750 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13873 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,135,960 |
CEO/Manager: | Rhonda Duncan |
Chairperson: | Bill Grant |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,015,105 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 753,298 |
Other Loans | 6,924,596 |
TOTAL LOANS | 7,677,894 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,159 |
Land And Building | 149,963 |
Other Fixed Assets | 37,789 |
NCUSIF Deposit | 87,246 |
All Other Assets | 0 |
TOTAL ASSETS | 12,135,960 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,089 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,256 |
Regular shares | 8,081,110 |
All Other Shares & Deposits | 49,254 |
TOTAL SHARES & DEPOSITS | 8,131,620 |
TOTAL LIABILITIES | 8,138,709 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,997,251 |
TOTAL EQUITY | 3,997,251 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,135,960 |
INCOME & EXPENSE | |
Loan Income | 458,960 |
Investment Income | 164,165 |
Other Income | 27,626 |
Total Employee Compensation & Benefits | 320,719 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 218,970 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,004 |
Cost of Funds | 11,572 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 74,527 |
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