Dec, 31, 2023 — GERMANIA CREDIT UNION is a federally insured state chartered credit union headquartered in BRENHAM, TX with 1 branch location and about $19.91 million in total assets. Opened 39 years ago in 1985, GERMANIA CREDIT UNION has about 2,729 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GERMANIA CREDIT UNION |
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Address: (Main Office) | PO Box 645 BRENHAM, TX 77834-0645 |
Phone: | (979) 830-7505 |
Fax: | (979) 836-1691 |
Website: | https://www.germaniacreditunion.com |
Branches: | 1 branch locations |
Members: | 2,729 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66857 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1985 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,912,263 |
CEO/Manager: | Wendy J Frazier |
Chairperson: | Michelle Sayre |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,678,211 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,231,657 |
Unsecured Loans | 294,449 |
Other Loans | 15,176,030 |
TOTAL LOANS | 17,702,136 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,659 |
Land And Building | 0 |
Other Fixed Assets | 56,124 |
NCUSIF Deposit | 168,666 |
All Other Assets | 0 |
TOTAL ASSETS | 19,912,263 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,593 |
Notes & Interest Payable | 200,000 |
Accounts Payable & Other Liabilities | 20,837 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,171,422 |
Regular shares | 7,114,021 |
All Other Shares & Deposits | 9,181,374 |
TOTAL SHARES & DEPOSITS | 17,466,813 |
TOTAL LIABILITIES | 17,702,243 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,210,020 |
TOTAL EQUITY | 2,210,020 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,912,263 |
INCOME & EXPENSE | |
Loan Income | 875,593 |
Investment Income | 37,729 |
Other Income | 20,346 |
Total Employee Compensation & Benefits | 340,500 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 232,227 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,344 |
Cost of Funds | 272,992 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 154,608 |
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