Dec, 31, 2023 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in TEXARKANA, TX with 1 branch location and about $3.55 million in total assets. Opened 92 years ago in 1932, FEDERAL EMPLOYEES CREDIT UNION has about 405 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDERAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 North State Line Av TEXARKANA, TX 75501 |
| Phone: | (903) 792-5433 |
| Fax: | (903) 792-4433 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 405 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67414 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,551,445 |
| CEO/Manager: | Leigh Anne Jeans |
| Chairperson: | Douglas E Norton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 367,202 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 301,888 |
| Other Loans | 1,296,840 |
| TOTAL LOANS | 1,598,728 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,509 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 29,912 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,551,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 774 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,820 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,919 |
| Regular shares | 2,231,021 |
| All Other Shares & Deposits | 643,093 |
| TOTAL SHARES & DEPOSITS | 2,902,034 |
| TOTAL LIABILITIES | 2,909,628 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 641,817 |
| TOTAL EQUITY | 641,817 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,551,445 |
| INCOME & EXPENSE | |
| Loan Income | 93,200 |
| Investment Income | 64,218 |
| Other Income | 4,028 |
| Total Employee Compensation & Benefits | 71,534 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 78,034 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,231 |
| Cost of Funds | 9,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -281 |
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