Dec, 31, 2023 — MID-TEX FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNWOOD, TX with 1 branch location and about $34.92 million in total assets. Opened 63 years ago in 1961, MID-TEX FEDERAL CREDIT UNION has about 3,194 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MID-TEX FEDERAL CREDIT UNION |
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Address: (Main Office) | 3808 HIGHWAY 377 S BROWNWOOD, TX 76801-5120 |
Phone: | (325) 646-5266 |
Fax: | (325) 646-4872 |
Website: | https://mtfcu.org |
Branches: | 1 branch locations |
Members: | 3,194 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24454 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,924,040 |
CEO/Manager: | ROBERT J HAGOOD |
Chairperson: | JOHN C HARPER |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,760,018 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,713,538 |
Unsecured Loans | 581,124 |
Other Loans | 11,169,077 |
TOTAL LOANS | 18,934,495 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -148,872 |
Land And Building | 1,595,906 |
Other Fixed Assets | 140,621 |
NCUSIF Deposit | 306,373 |
All Other Assets | 16,131 |
TOTAL ASSETS | 34,924,040 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,192 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 141,409 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,670,057 |
Regular shares | 21,350,985 |
All Other Shares & Deposits | 3,047,289 |
TOTAL SHARES & DEPOSITS | 32,068,331 |
TOTAL LIABILITIES | 32,213,932 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,710,108 |
TOTAL EQUITY | 2,710,108 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,924,040 |
INCOME & EXPENSE | |
Loan Income | 1,070,648 |
Investment Income | 350,095 |
Other Income | 364,751 |
Total Employee Compensation & Benefits | 584,971 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 884,128 |
Non-operating Income & (Expense) | -61 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,949 |
Cost of Funds | 139,001 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 223,658 |
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