Dec, 31, 2023 — SALT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND SALINE, TX with 1 branch location and about $1.59 million in total assets. Opened 62 years ago in 1962, SALT EMPLOYEES FEDERAL CREDIT UNION has about 335 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SALT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 801 State Highway 110 GRAND SALINE, TX 75140-5145 |
| Phone: | (903) 962-5870 |
| Fax: | (903) 962-4522 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 335 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15001 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,585,329 |
| CEO/Manager: | Patty L Carter |
| Chairperson: | Paul D Rose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 289,560 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 181,069 |
| Other Loans | 808,244 |
| TOTAL LOANS | 989,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,497 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 9,358 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,585,329 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 211 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 62,360 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 822,717 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 822,717 |
| TOTAL LIABILITIES | 885,288 |
| Regular Reserve | 0 |
| Other Reserves | 131,846 |
| Undivided Earnings | 568,195 |
| TOTAL EQUITY | 700,041 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,585,329 |
| INCOME & EXPENSE | |
| Loan Income | 59,669 |
| Investment Income | 4,677 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 41,972 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,704 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,835 |
| Cost of Funds | 855 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,563 |
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