Dec, 31, 2023 — UNION FIDELITY FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $24.17 million in total assets. Opened 62 years ago in 1962, UNION FIDELITY FEDERAL CREDIT UNION has about 5,130 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNION FIDELITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1415 North Loop W Ste 110 HOUSTON, TX 77008 |
| Phone: | (713) 869-9053 |
| Fax: | (713) 869-0846 |
| Website: | https://unionfidelityfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,130 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15049 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,170,472 |
| CEO/Manager: | Karen Montgomery |
| Chairperson: | Michael Cramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,363,830 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,971,605 |
| Unsecured Loans | 1,584,677 |
| Other Loans | 8,165,978 |
| TOTAL LOANS | 11,722,260 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,801 |
| Land And Building | 0 |
| Other Fixed Assets | 35,081 |
| NCUSIF Deposit | 188,136 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,170,472 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,506 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 152,954 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,877,212 |
| Regular shares | 14,085,850 |
| All Other Shares & Deposits | 3,243,782 |
| TOTAL SHARES & DEPOSITS | 19,206,844 |
| TOTAL LIABILITIES | 19,391,304 |
| Regular Reserve | 0 |
| Other Reserves | 191,258 |
| Undivided Earnings | 4,587,910 |
| TOTAL EQUITY | 4,779,168 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,170,472 |
| INCOME & EXPENSE | |
| Loan Income | 782,080 |
| Investment Income | 372,654 |
| Other Income | 197,613 |
| Total Employee Compensation & Benefits | 378,131 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 580,205 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 61,212 |
| Cost of Funds | 91,360 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 288,779 |
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