Dec, 31, 2023 — FIRST SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 17 branch locations and about $1.33 billion in total assets. Opened 47 years ago in 1977, FIRST SERVICE CREDIT UNION has about 96,225 members and employs 267 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 SERVICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 16430 Park Ten Pl HOUSTON, TX 77084-5056 |
| Phone: | (713) 676-4344 |
| Fax: | |
| Website: | https://www.fscu.com |
| Branches: | 17 branch locations |
| Members: | 96,225 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68605 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,331,618,730 |
| CEO/Manager: | David Bleazard |
| Chairperson: | Kourtney L Calhoun |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,012,225 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 406,780,778 |
| Unsecured Loans | 119,098,588 |
| Other Loans | 481,596,506 |
| TOTAL LOANS | 1,007,475,872 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,025,564 |
| Land And Building | 39,567,684 |
| Other Fixed Assets | 7,211,133 |
| NCUSIF Deposit | 9,807,940 |
| All Other Assets | 584,869 |
| TOTAL ASSETS | 1,331,618,730 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 108,500,000 |
| Accounts Payable & Other Liabilities | 23,613,633 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 253,925,228 |
| Regular shares | 289,604,027 |
| All Other Shares & Deposits | 513,990,869 |
| TOTAL SHARES & DEPOSITS | 1,057,520,124 |
| TOTAL LIABILITIES | 1,189,674,966 |
| Regular Reserve | 0 |
| Other Reserves | 57,835,529 |
| Undivided Earnings | 84,108,235 |
| TOTAL EQUITY | 141,943,764 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,331,618,730 |
| INCOME & EXPENSE | |
| Loan Income | 55,099,679 |
| Investment Income | 5,489,084 |
| Other Income | 11,884,694 |
| Total Employee Compensation & Benefits | 24,451,070 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,043,124 |
| Non-operating Income & (Expense) | -459,147 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,375,306 |
| Cost of Funds | 15,345,491 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,235,945 |
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