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CHEROKEE COUNTY FEDERAL CREDIT UNION

Dec, 31, 2023 — CHEROKEE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in RUSK, TX with 1 branch location and about $46.73 million in total assets. Opened 64 years ago in 1960, CHEROKEE COUNTY FEDERAL CREDIT UNION has about 4,820 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CHEROKEE COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
144 N Henderson St
RUSK, TX 75785
Phone:(903) 683-2527
Fax:(903) 683-3499
Website:https://www.cherokeecountyfcu.com
Branches:1 branch locations
Members:4,820
Credit Union Type:Federal Credit Union
Charter Number:13591
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$46,727,398
CEO/Manager:Kim De Leon
Chairperson:James Campbell

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,551,740
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,504,590
 Other Loans 34,818,227
 TOTAL LOANS 36,322,817
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -170,018
 Land And Building 1,119,819
 Other Fixed Assets 258,921
 NCUSIF Deposit 350,252
 All Other Assets 0
  TOTAL ASSETS 46,727,398
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 78,786
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,611,018
 Regular shares 17,246,121
 All Other Shares & Deposits 11,195,393
  TOTAL SHARES & DEPOSITS 35,052,532
  TOTAL LIABILITIES 35,131,318
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 11,596,080
  TOTAL EQUITY 11,596,080
  TOTAL LIABILITIES, SHARES, & EQUITY 46,727,398
INCOME & EXPENSE  
 Loan Income 2,294,260
 Investment Income 117,952
 Other Income 281,256
 Total Employee Compensation & Benefits 812,953
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 908,619
 Non-operating Income & (Expense) 272,489
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 366,812
 Cost of Funds 404,956
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 494,665
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