Dec, 31, 2023 — BROWNSVILLE CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNSVILLE, TX with 1 branch location and about $6.98 million in total assets. Opened 54 years ago in 1970, BROWNSVILLE CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,325 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BROWNSVILLE CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 E ELIZABETH ST BROWNSVILLE, TX 78520-5128 |
| Phone: | (956) 548-6041 |
| Fax: | (956) 546-2893 |
| Website: | https://brownsvillecityfcu.com/ |
| Branches: | 1 branch locations |
| Members: | 1,325 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20392 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,983,435 |
| CEO/Manager: | Aida Barbosa |
| Chairperson: | Paul Cantu III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,024,513 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,208,159 |
| Other Loans | 2,211,482 |
| TOTAL LOANS | 3,419,641 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,527 |
| Land And Building | 0 |
| Other Fixed Assets | 1,068 |
| NCUSIF Deposit | 57,600 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,983,435 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 55,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,964,814 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,964,813 |
| TOTAL LIABILITIES | 5,020,219 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,963,216 |
| TOTAL EQUITY | 1,963,216 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,983,435 |
| INCOME & EXPENSE | |
| Loan Income | 237,950 |
| Investment Income | 98,289 |
| Other Income | 9,388 |
| Total Employee Compensation & Benefits | 92,180 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 115,296 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,592 |
| Cost of Funds | 26,339 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 111,216 |
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