Dec, 31, 2023 — SOUTH TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in MCALLEN, TX with 3 branch locations and about $67.61 million in total assets. Opened 72 years ago in 1952, SOUTH TEXAS FEDERAL CREDIT UNION has about 7,865 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTH TEXAS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2121 W Dove Ave MCALLEN, TX 78504-4064 |
Phone: | (956) 618-7500 |
Fax: | (956) 686-4823 |
Website: | https://www.southtexasfcu.com |
Branches: | 3 branch locations |
Members: | 7,865 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8237 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,613,090 |
CEO/Manager: | Gerardo B Paz |
Chairperson: | Norma J Saenz |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,422,810 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,919,509 |
Unsecured Loans | 6,599,424 |
Other Loans | 27,997,054 |
TOTAL LOANS | 41,515,987 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -350,194 |
Land And Building | 1,672,274 |
Other Fixed Assets | 98,149 |
NCUSIF Deposit | 626,159 |
All Other Assets | 20,570 |
TOTAL ASSETS | 67,613,090 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 548,594 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 500,000 |
Share Drafts | 17,947,319 |
Regular shares | 39,624,887 |
All Other Shares & Deposits | 5,594,426 |
TOTAL SHARES & DEPOSITS | 63,166,632 |
TOTAL LIABILITIES | 64,215,226 |
Regular Reserve | 0 |
Other Reserves | -1,541,409 |
Undivided Earnings | 4,939,273 |
TOTAL EQUITY | 3,397,864 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,613,090 |
INCOME & EXPENSE | |
Loan Income | 1,992,449 |
Investment Income | 243,439 |
Other Income | 406,026 |
Total Employee Compensation & Benefits | 915,915 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,353,823 |
Non-operating Income & (Expense) | 223,831 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,544 |
Cost of Funds | 124,202 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 605,478 |
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