Dec, 31, 2023 — FIRST CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in WACO, TX with 5 branch locations and about $166.08 million in total assets. Opened 87 years ago in 1937, FIRST CENTRAL CREDIT UNION has about 19,650 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6201 Sanger Ave WACO, TX 76710 |
| Phone: | (254) 776-9333 |
| Fax: | (254) 741-2212 |
| Website: | https://www.firstcentralcu.com |
| Branches: | 5 branch locations |
| Members: | 19,650 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67644 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $166,079,617 |
| CEO/Manager: | JoBetsy Tyler |
| Chairperson: | Vicki Deckard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,507,631 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,532,690 |
| Unsecured Loans | 15,460,295 |
| Other Loans | 50,740,612 |
| TOTAL LOANS | 90,733,597 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,063,860 |
| Land And Building | 4,087,800 |
| Other Fixed Assets | 531,120 |
| NCUSIF Deposit | 1,233,761 |
| All Other Assets | 375,006 |
| TOTAL ASSETS | 166,079,617 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,140 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,512,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,219,279 |
| Regular shares | 62,374,139 |
| All Other Shares & Deposits | 47,783,781 |
| TOTAL SHARES & DEPOSITS | 141,377,200 |
| TOTAL LIABILITIES | 144,926,197 |
| Regular Reserve | 0 |
| Other Reserves | -2,315,730 |
| Undivided Earnings | 23,469,150 |
| TOTAL EQUITY | 21,153,420 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 166,079,617 |
| INCOME & EXPENSE | |
| Loan Income | 5,860,236 |
| Investment Income | 1,447,869 |
| Other Income | 5,238,699 |
| Total Employee Compensation & Benefits | 4,277,171 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,823,678 |
| Non-operating Income & (Expense) | 2,533,195 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 361,357 |
| Cost of Funds | 1,276,084 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,741,051 |
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