Dec, 31, 2023 — MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 1 branch location and about $11.05 million in total assets. Opened 90 years ago in 1934, MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION has about 1,285 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MORRIS SHEPPARD TEXARKANA FEDERAL CREDIT UNION |
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Address: (Main Office) | 419 W 4TH ST TEXARKANA, TX 75501 |
Phone: | (903) 798-3918 |
Fax: | (903) 794-3152 |
Website: | https://www.morrissheppardfcu.org |
Branches: | 1 branch locations |
Members: | 1,285 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,048,388 |
CEO/Manager: | JENNIFER PRICE |
Chairperson: | PAUL T MARTIN |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,092,136 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 867,844 |
Other Loans | 8,457,751 |
TOTAL LOANS | 9,325,595 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,697 |
Land And Building | 42,831 |
Other Fixed Assets | 8,739 |
NCUSIF Deposit | 108,220 |
All Other Assets | 0 |
TOTAL ASSETS | 11,048,388 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,086 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 491,736 |
Regular shares | 6,743,588 |
All Other Shares & Deposits | 2,516,461 |
TOTAL SHARES & DEPOSITS | 9,751,785 |
TOTAL LIABILITIES | 9,755,871 |
Regular Reserve | 0 |
Other Reserves | 203,071 |
Undivided Earnings | 1,089,446 |
TOTAL EQUITY | 1,292,517 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,048,388 |
INCOME & EXPENSE | |
Loan Income | 455,345 |
Investment Income | 64,110 |
Other Income | 35,991 |
Total Employee Compensation & Benefits | 174,064 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 256,488 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,859 |
Cost of Funds | 102,991 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 43,840 |
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