Dec, 31, 2023 — U. S. EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in TOMBALL, TX with 2 branch locations and about $89.35 million in total assets. Opened 91 years ago in 1933, U. S. EMPLOYEES CREDIT UNION has about 6,224 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | U. S. EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 24909 Kuykendahl Rd TOMBALL, TX 77375-3295 |
Phone: | (713) 595-3400 |
Fax: | (713) 595-3303 |
Website: | https://www.usecuweb.com |
Branches: | 2 branch locations |
Members: | 6,224 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66372 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $89,351,225 |
CEO/Manager: | Sandra Childers |
Chairperson: | Clarence Brooks |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,165,730 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,304,568 |
Unsecured Loans | 4,055,209 |
Other Loans | 32,182,573 |
TOTAL LOANS | 41,542,350 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -333,772 |
Land And Building | 2,676,142 |
Other Fixed Assets | 240,795 |
NCUSIF Deposit | 823,944 |
All Other Assets | 20,696 |
TOTAL ASSETS | 89,351,225 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 37,602 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 811,765 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,181,898 |
Regular shares | 42,910,630 |
All Other Shares & Deposits | 18,083,692 |
TOTAL SHARES & DEPOSITS | 81,176,219 |
TOTAL LIABILITIES | 82,025,586 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,325,639 |
TOTAL EQUITY | 7,325,639 |
TOTAL LIABILITIES, SHARES, & EQUITY | 89,351,225 |
INCOME & EXPENSE | |
Loan Income | 1,864,730 |
Investment Income | 944,850 |
Other Income | 523,420 |
Total Employee Compensation & Benefits | 1,362,917 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,618,646 |
Non-operating Income & (Expense) | -13 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 191,023 |
Cost of Funds | 312,082 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 210,105 |
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