Dec, 31, 2023 — HIGHWAY DISTRICT 9 CREDIT UNION is a federally insured state chartered credit union headquartered in WACO, TX with 1 branch location and about $4.55 million in total assets. Opened 71 years ago in 1953, HIGHWAY DISTRICT 9 CREDIT UNION has about 734 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGHWAY DISTRICT 9 CREDIT UNION |
|---|---|
| Address: (Main Office) | 2417 Columbus Ave WACO, TX 76701 |
| Phone: | (254) 756-6331 |
| Fax: | (254) 756-6331 |
| Website: | https://www.hwydist9.com |
| Branches: | 1 branch locations |
| Members: | 734 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67469 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,550,335 |
| CEO/Manager: | Rachel E Reavis |
| Chairperson: | Janis M Guest |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 66,619 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,321 |
| Unsecured Loans | 128,335 |
| Other Loans | 1,613,112 |
| TOTAL LOANS | 1,775,768 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,443 |
| Land And Building | 54,350 |
| Other Fixed Assets | 3,587 |
| NCUSIF Deposit | 37,585 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,550,335 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,776 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,133 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,462,418 |
| All Other Shares & Deposits | 32,577 |
| TOTAL SHARES & DEPOSITS | 3,494,995 |
| TOTAL LIABILITIES | 3,521,904 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,028,431 |
| TOTAL EQUITY | 1,028,431 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,550,335 |
| INCOME & EXPENSE | |
| Loan Income | 127,785 |
| Investment Income | 54,686 |
| Other Income | 9,453 |
| Total Employee Compensation & Benefits | 76,385 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,535 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,700 |
| Cost of Funds | 36,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,534 |
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