Dec, 31, 2023 — WACO FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 2 branch locations and about $18.71 million in total assets. Opened 75 years ago in 1949, WACO FEDERAL CREDIT UNION has about 1,969 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WACO FEDERAL CREDIT UNION |
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Address: (Main Office) | 826 N 3rd St WACO, TX 76707 |
Phone: | (254) 753-0361 |
Fax: | (254) 753-0371 |
Website: | https://www.wacofcu.org |
Branches: | 2 branch locations |
Members: | 1,969 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6368 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,706,307 |
CEO/Manager: | Tony W Head |
Chairperson: | Gene Robinson |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,178,218 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,544 |
Unsecured Loans | 503,716 |
Other Loans | 7,153,578 |
TOTAL LOANS | 7,658,838 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,839 |
Land And Building | 131,016 |
Other Fixed Assets | 3,652 |
NCUSIF Deposit | 176,498 |
All Other Assets | 0 |
TOTAL ASSETS | 18,706,307 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 182,948 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,518,878 |
Regular shares | 10,985,198 |
All Other Shares & Deposits | 2,425,184 |
TOTAL SHARES & DEPOSITS | 16,929,260 |
TOTAL LIABILITIES | 17,112,208 |
Regular Reserve | 0 |
Other Reserves | 442,826 |
Undivided Earnings | 1,151,273 |
TOTAL EQUITY | 1,594,099 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,706,307 |
INCOME & EXPENSE | |
Loan Income | 414,240 |
Investment Income | 227,343 |
Other Income | 201,332 |
Total Employee Compensation & Benefits | 392,357 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 394,456 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,168 |
Cost of Funds | 42,885 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 142,346 |
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