Dec, 31, 2023 — LOCAL 24 EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $13.00 million in total assets. Opened 63 years ago in 1961, LOCAL 24 EMPLOYEES FEDERAL CREDIT UNION has about 1,142 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCAL 24 EMPLOYEES FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 5001 Red Bluff Rd PASADENA, TX 77503 |
Phone: | (281) 542-2400 |
Fax: | (281) 542-2403 |
Website: | https://www.local24efcu.com |
Branches: | 1 branch locations |
Members: | 1,142 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14656 |
---|---|
Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,995,670 |
CEO/Manager: | Gisela Verastegui |
Chairperson: | Billy Wise |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,988,620 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,352,944 |
Other Loans | 2,453,582 |
TOTAL LOANS | 3,806,526 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,000 |
Land And Building | 884,771 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 117,340 |
All Other Assets | 0 |
TOTAL ASSETS | 12,995,670 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 182,225 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 10,555,265 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 10,555,265 |
TOTAL LIABILITIES | 10,737,490 |
Regular Reserve | 0 |
Other Reserves | 141,252 |
Undivided Earnings | 2,116,928 |
TOTAL EQUITY | 2,258,180 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,995,670 |
INCOME & EXPENSE | |
Loan Income | 322,260 |
Investment Income | 257,278 |
Other Income | 39,361 |
Total Employee Compensation & Benefits | 224,605 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 283,258 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -29,345 |
Cost of Funds | 25,224 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 147,929 |
↑ Back to Top |