Dec, 31, 2023 — HIGHWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in TYLER, TX with 1 branch location and about $1.70 million in total assets. Opened 65 years ago in 1959, HIGHWAY EMPLOYEES CREDIT UNION has about 436 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGHWAY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2910 Chandler Hwy # 6 TYLER, TX 75702-6731 |
| Phone: | (903) 593-8987 |
| Fax: | (903) 593-8458 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 436 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67474 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,701,044 |
| CEO/Manager: | Melissa Frick |
| Chairperson: | John B Goodwin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 144,325 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 206,309 |
| Other Loans | 1,079,527 |
| TOTAL LOANS | 1,285,837 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,991 |
| Land And Building | 0 |
| Other Fixed Assets | 60 |
| NCUSIF Deposit | 14,439 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,701,044 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,105 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,108,200 |
| All Other Shares & Deposits | 106,880 |
| TOTAL SHARES & DEPOSITS | 1,215,080 |
| TOTAL LIABILITIES | 1,218,185 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 482,859 |
| TOTAL EQUITY | 482,859 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,701,044 |
| INCOME & EXPENSE | |
| Loan Income | 93,661 |
| Investment Income | 9,795 |
| Other Income | 4,515 |
| Total Employee Compensation & Benefits | 57,331 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,320 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -720 |
| Cost of Funds | 7,044 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,640 |
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