Dec, 31, 2023 — PLUS4 CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 6 branch locations and about $189.54 million in total assets. Opened 95 years ago in 1929, PLUS4 CREDIT UNION has about 31,108 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PLUS4 CREDIT UNION |
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Address: (Main Office) | 9998 Almeda Genoa Rd HOUSTON, TX 77075-2416 |
Phone: | (713) 970-9200 |
Fax: | |
Website: | https://www.plus4cu.org |
Branches: | 6 branch locations |
Members: | 31,108 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61457 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1929 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $189,539,846 |
CEO/Manager: | Malcolm Rene |
Chairperson: | Wendell Greenleaf |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,796,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,511,118 |
Unsecured Loans | 12,508,354 |
Other Loans | 108,234,987 |
TOTAL LOANS | 138,254,459 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,982,538 |
Land And Building | 6,977,104 |
Other Fixed Assets | 623,680 |
NCUSIF Deposit | 1,636,808 |
All Other Assets | 2,682,720 |
TOTAL ASSETS | 189,539,846 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 46,023 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,625,918 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,974,852 |
Regular shares | 91,288,039 |
All Other Shares & Deposits | 36,896,386 |
TOTAL SHARES & DEPOSITS | 165,159,277 |
TOTAL LIABILITIES | 170,831,218 |
Regular Reserve | 0 |
Other Reserves | 5,599,209 |
Undivided Earnings | 13,109,419 |
TOTAL EQUITY | 18,708,628 |
TOTAL LIABILITIES, SHARES, & EQUITY | 189,539,846 |
INCOME & EXPENSE | |
Loan Income | 7,205,293 |
Investment Income | 578,048 |
Other Income | 4,495,252 |
Total Employee Compensation & Benefits | 5,225,114 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,402,548 |
Non-operating Income & (Expense) | 1,225,212 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 665,000 |
Cost of Funds | 767,022 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 716,909 |
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