Dec, 31, 2023 — COSDEN FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 1 branch location and about $60.19 million in total assets. Opened 88 years ago in 1936, COSDEN FEDERAL CREDIT UNION has about 4,330 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COSDEN FEDERAL CREDIT UNION |
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Address: (Main Office) | 400 E MARCY DR BIG SPRING, TX 79720-5714 |
Phone: | (432) 264-2600 |
Fax: | (432) 264-2631 |
Website: | https://www.cosden.org |
Branches: | 1 branch locations |
Members: | 4,330 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1750 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $60,193,175 |
CEO/Manager: | LAURIE M LIGHT |
Chairperson: | HARDY WILKERSON |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,670,961 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,619 |
Unsecured Loans | 1,314,263 |
Other Loans | 22,253,229 |
TOTAL LOANS | 23,591,725 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -330,831 |
Land And Building | 2,097,750 |
Other Fixed Assets | 84,998 |
NCUSIF Deposit | 571,673 |
All Other Assets | 0 |
TOTAL ASSETS | 60,193,175 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 313 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 639,534 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,489,854 |
Regular shares | 20,141,569 |
All Other Shares & Deposits | 23,709,073 |
TOTAL SHARES & DEPOSITS | 53,340,496 |
TOTAL LIABILITIES | 53,980,343 |
Regular Reserve | 0 |
Other Reserves | 693,716 |
Undivided Earnings | 5,519,116 |
TOTAL EQUITY | 6,212,832 |
TOTAL LIABILITIES, SHARES, & EQUITY | 60,193,175 |
INCOME & EXPENSE | |
Loan Income | 1,278,376 |
Investment Income | 1,051,726 |
Other Income | 530,631 |
Total Employee Compensation & Benefits | 870,810 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,172,175 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,358 |
Cost of Funds | 311,611 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 696,291 |
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