Dec, 31, 2023 — LIBERTYONE CREDIT UNION is a federally insured state chartered credit union headquartered in ARLINGTON, TX with 3 branch locations and about $166.00 million in total assets. Opened 89 years ago in 1935, LIBERTYONE CREDIT UNION has about 9,206 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: | LIBERTYONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2221 E Lamar Blvd Ste 110 ARLINGTON, TX 76006 |
| Phone: | (469) 212-0238 |
| Fax: | (817) 380-4751 |
| Website: | https://www.libertyonecu.com |
| Branches: | 3 branch locations |
| Members: | 9,206 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61604 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $165,999,867 |
| CEO/Manager: | Mike Funk |
| Chairperson: | Charles Ramirez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 150,370 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,014,366 |
| Unsecured Loans | 11,230,318 |
| Other Loans | 66,954,821 |
| TOTAL LOANS | 129,199,504 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -530,302 |
| Land And Building | 0 |
| Other Fixed Assets | 44,264 |
| NCUSIF Deposit | 1,261,395 |
| All Other Assets | 0 |
| TOTAL ASSETS | 165,999,867 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 128,903 |
| Notes & Interest Payable | 2,513,562 |
| Accounts Payable & Other Liabilities | 1,330,592 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,487,876 |
| Regular shares | 63,189,181 |
| All Other Shares & Deposits | 67,422,733 |
| TOTAL SHARES & DEPOSITS | 146,099,790 |
| TOTAL LIABILITIES | 150,072,847 |
| Regular Reserve | 0 |
| Other Reserves | -2,646,950 |
| Undivided Earnings | 18,573,970 |
| TOTAL EQUITY | 15,927,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 165,999,867 |
| INCOME & EXPENSE | |
| Loan Income | 5,477,271 |
| Investment Income | 440,735 |
| Other Income | 1,045,988 |
| Total Employee Compensation & Benefits | 2,252,401 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,643,399 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,714 |
| Cost of Funds | 2,962,242 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 224,995 |
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