Dec, 31, 2023 — WESTEX COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KERMIT, TX with 5 branch locations and about $184.18 million in total assets. Opened 64 years ago in 1960, WESTEX COMMUNITY CREDIT UNION has about 15,462 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTEX COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 E Austin St KERMIT, TX 79745 |
| Phone: | (432) 586-6631 |
| Fax: | (432) 586-2996 |
| Website: | https://wccu.net |
| Branches: | 5 branch locations |
| Members: | 15,462 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67915 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $184,182,882 |
| CEO/Manager: | Kenneth Arnold |
| Chairperson: | Vonda Warren |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,713,255 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,395,417 |
| Unsecured Loans | 10,231,717 |
| Other Loans | 53,906,772 |
| TOTAL LOANS | 92,533,906 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -726,642 |
| Land And Building | 5,162,474 |
| Other Fixed Assets | 158,601 |
| NCUSIF Deposit | 1,385,697 |
| All Other Assets | 0 |
| TOTAL ASSETS | 184,182,882 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,879,766 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,670,793 |
| Regular shares | 90,548,913 |
| All Other Shares & Deposits | 26,386,742 |
| TOTAL SHARES & DEPOSITS | 160,606,448 |
| TOTAL LIABILITIES | 162,486,214 |
| Regular Reserve | 0 |
| Other Reserves | 19,610 |
| Undivided Earnings | 21,677,058 |
| TOTAL EQUITY | 21,696,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 184,182,882 |
| INCOME & EXPENSE | |
| Loan Income | 5,137,097 |
| Investment Income | 1,571,061 |
| Other Income | 1,370,276 |
| Total Employee Compensation & Benefits | 3,305,656 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,068,599 |
| Non-operating Income & (Expense) | 381,758 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 305,380 |
| Cost of Funds | 825,464 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,531,852 |
| ↑ Back to Top | |