Dec, 31, 2023 — HEART O' TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 3 branch locations and about $65.21 million in total assets. Opened 68 years ago in 1956, HEART O' TEXAS FEDERAL CREDIT UNION has about 5,747 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEART O' TEXAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7500 Imperial Drive WACO, TX 76712 |
| Phone: | (254) 751-1622 |
| Fax: | (254) 751-1141 |
| Website: | https://www.hotfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,747 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11032 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,210,231 |
| CEO/Manager: | Phil Dysinger |
| Chairperson: | Barbara Sais-Chinn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,256,791 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,993,204 |
| Unsecured Loans | 262,204 |
| Other Loans | 35,985,899 |
| TOTAL LOANS | 53,241,307 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -207,641 |
| Land And Building | 1,471,411 |
| Other Fixed Assets | 86,488 |
| NCUSIF Deposit | 579,801 |
| All Other Assets | 155,707 |
| TOTAL ASSETS | 65,210,231 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 175,646 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,733,939 |
| Regular shares | 23,248,498 |
| All Other Shares & Deposits | 23,737,351 |
| TOTAL SHARES & DEPOSITS | 60,719,788 |
| TOTAL LIABILITIES | 60,895,434 |
| Regular Reserve | 0 |
| Other Reserves | 1,100,331 |
| Undivided Earnings | 3,214,466 |
| TOTAL EQUITY | 4,314,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,210,231 |
| INCOME & EXPENSE | |
| Loan Income | 2,615,316 |
| Investment Income | 171,094 |
| Other Income | 639,609 |
| Total Employee Compensation & Benefits | 1,453,677 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,330,637 |
| Non-operating Income & (Expense) | 78,782 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 182,874 |
| Cost of Funds | 854,973 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -319,583 |
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