Dec, 31, 2023 — HOUSTON FEDERAL CREDIT UNION is a federal credit union headquartered in SUGAR LAND, TX with 13 branch locations and about $905.30 million in total assets. Opened 64 years ago in 1960, HOUSTON FEDERAL CREDIT UNION has about 68,904 members and employs 187 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOUSTON FEDERAL CREDIT UNION |
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Address: (Main Office) | 16320 Kensington Dr SUGAR LAND, TX 77479-4097 |
Phone: | (281) 243-0500 |
Fax: | (281) 243-0787 |
Website: | https://www.houstonfcu.org |
Branches: | 13 branch locations |
Members: | 68,904 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14091 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $905,297,195 |
CEO/Manager: | Chris Choat |
Chairperson: | Brent Holloway |
ASSETS: | $ Amount |
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Cash & Equivalents | 74,844,545 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 266,804,245 |
Unsecured Loans | 40,575,716 |
Other Loans | 278,312,458 |
TOTAL LOANS | 589,059,124 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,840,068 |
Land And Building | 18,631,340 |
Other Fixed Assets | 3,693,422 |
NCUSIF Deposit | 7,593,551 |
All Other Assets | 931,858 |
TOTAL ASSETS | 905,297,195 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,369,541 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,090,809 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 177,160,030 |
Regular shares | 264,349,490 |
All Other Shares & Deposits | 379,608,064 |
TOTAL SHARES & DEPOSITS | 821,117,587 |
TOTAL LIABILITIES | 831,727,088 |
Regular Reserve | 0 |
Other Reserves | -1,061,145 |
Undivided Earnings | 74,631,252 |
TOTAL EQUITY | 73,570,107 |
TOTAL LIABILITIES, SHARES, & EQUITY | 905,297,195 |
INCOME & EXPENSE | |
Loan Income | 29,298,732 |
Investment Income | 7,332,869 |
Other Income | 3,145,831 |
Total Employee Compensation & Benefits | 14,542,269 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,926,406 |
Non-operating Income & (Expense) | -24,340 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,870,654 |
Cost of Funds | 10,179,879 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,559,974 |
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