Dec, 31, 2023 — CONCHO VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SAN ANGELO, TX with 1 branch location and about $22.83 million in total assets. Opened 94 years ago in 1930, CONCHO VALLEY CREDIT UNION has about 1,412 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: | CONCHO VALLEY CREDIT UNION |
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Address: (Main Office) | 1002 S Abe St SAN ANGELO, TX 76903-7240 |
Phone: | (325) 658-7557 |
Fax: | (325) 658-4395 |
Website: | https://www.conchovalleycu.com |
Branches: | 1 branch locations |
Members: | 1,412 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67473 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,831,818 |
CEO/Manager: | Kimberly Perrine |
Chairperson: | Vona Hudson |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,013,590 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,995,157 |
Unsecured Loans | 662,911 |
Other Loans | 4,888,604 |
TOTAL LOANS | 10,546,672 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -130,480 |
Land And Building | 434,890 |
Other Fixed Assets | 58,365 |
NCUSIF Deposit | 211,297 |
All Other Assets | 0 |
TOTAL ASSETS | 22,831,818 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 29,714 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 52,281 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,597,697 |
Regular shares | 7,430,294 |
All Other Shares & Deposits | 9,345,624 |
TOTAL SHARES & DEPOSITS | 20,373,615 |
TOTAL LIABILITIES | 20,455,610 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,376,208 |
TOTAL EQUITY | 2,376,208 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,831,818 |
INCOME & EXPENSE | |
Loan Income | 511,557 |
Investment Income | 319,048 |
Other Income | 108,549 |
Total Employee Compensation & Benefits | 365,380 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 297,588 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,208 |
Cost of Funds | 132,736 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 141,256 |
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