Dec, 31, 2023 — HEREFORD TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in HEREFORD, TX with 2 branch locations and about $70.97 million in total assets. Opened 88 years ago in 1936, HEREFORD TEXAS FEDERAL CREDIT UNION has about 8,358 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HEREFORD TEXAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 330 Schley Ave HEREFORD, TX 79045-5539 |
| Phone: | (806) 364-1888 |
| Fax: | (806) 364-8638 |
| Website: | https://www.htfcu.com |
| Branches: | 2 branch locations |
| Members: | 8,358 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1401 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $70,972,395 |
| CEO/Manager: | Brenda Fuentes |
| Chairperson: | David A Collins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,824,102 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,368,446 |
| Other Loans | 48,393,228 |
| TOTAL LOANS | 51,761,674 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -468,982 |
| Land And Building | 5,223,394 |
| Other Fixed Assets | 289,187 |
| NCUSIF Deposit | 510,000 |
| All Other Assets | 39,740 |
| TOTAL ASSETS | 70,972,395 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,837,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,945,179 |
| Regular shares | 32,068,340 |
| All Other Shares & Deposits | 12,902,443 |
| TOTAL SHARES & DEPOSITS | 53,915,962 |
| TOTAL LIABILITIES | 55,753,259 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 15,219,136 |
| TOTAL EQUITY | 15,219,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,972,395 |
| INCOME & EXPENSE | |
| Loan Income | 2,995,403 |
| Investment Income | 260,634 |
| Other Income | 1,101,058 |
| Total Employee Compensation & Benefits | 1,429,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,425,937 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 206,859 |
| Cost of Funds | 821,156 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 518,417 |
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