Dec, 31, 2023 — PECO FEDERAL CREDIT UNION is a federal credit union headquartered in MINERAL WELLS, TX with 1 branch location and about $4.59 million in total assets. Opened 67 years ago in 1957, PECO FEDERAL CREDIT UNION has about 840 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: | PECO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6201 Highway 180 E MINERAL WELLS, TX 76067-9579 |
| Phone: | (940) 325-8900 |
| Fax: | (940) 325-8911 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 840 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11761 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,588,674 |
| CEO/Manager: | Dale W Young |
| Chairperson: | Kenneth R Greenleaf, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 268,497 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 76,921 |
| Other Loans | 2,132,058 |
| TOTAL LOANS | 2,208,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,009 |
| Land And Building | 27,380 |
| Other Fixed Assets | 1,752 |
| NCUSIF Deposit | 44,370 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,588,674 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,362 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,611,582 |
| All Other Shares & Deposits | 481,372 |
| TOTAL SHARES & DEPOSITS | 4,092,954 |
| TOTAL LIABILITIES | 4,110,316 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 478,358 |
| TOTAL EQUITY | 478,358 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,588,674 |
| INCOME & EXPENSE | |
| Loan Income | 179,864 |
| Investment Income | 59,558 |
| Other Income | 393 |
| Total Employee Compensation & Benefits | 145,465 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,109 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 14,243 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,651 |
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