70 Years of Serving Our Members. For People - Not Profit.
Condition of Financial Statement
Monthly Statement of Financial Condition
December 31, 2023
| Assets | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Loans to Members | $25,457,821.28 | $24,148,898.57 | $22,142,395.25 | $20,988,177.41 |
| Allowance for Loan Loss | ( 257,550.97) | ( 234,262.36) | ( 202,954.06) | ( 90,903.54) |
| Receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash | 2,501,202.00 | 2,618,810.25 | 1,718,662.20 | 903,071.34 |
| Investments | 10,189,647.52 | 9,946,998.77 | 12,569,430.84 | 11,086,726.28 |
| Prepaid Expenses & Deferred Charges | 155,148.43 | 155,329.25 | 142,351.66 | 124,635.53 |
| Fixed Assets | 4,817,176.43 | 2,201,066.92 | 872,132.88 | 900,007.70 |
| Accrued Income | 143,597.33 | 119,837.22 | 118,917.01 | 86,550.28 |
| Deposit in NCUSIF | 328,364.43 | 317,005.60 | 283,503.14 | 280,399.27 |
| Other Assets | 7,870.60 | 7,870.60 | 8,173.40 | 8,173.40 |
| Total Assets | $43,343,277.05 | $39,281,554.82 | $37,652,612.32 | $34,286,837.67 |
| Liabilities & Equity | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
| Accounts Payable | $355,549.36 | $173,927.95 | $194,487.90 | $357,992.57 |
| Notes Payable | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends Payable | 49,521.51 | 43,041.42 | 57,737.17 | 47,928.20 |
| Taxes Payable | 6,600.02 | 3,909.31 | 0.00 | 0.00 |
| Accrued Expenses | 171,271.83 | 424,925.50 | 372,123.61 | 299,460.59 |
| Other Liabilities | 292,857.74 | 221,298.03 | 275,131.56 | 205,492.63 |
| Total Liabilities | $694,179.05 | $1,048,723.62 | $899,480.24 | $910,873.99 |
| Member Equity | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
| Regular Shares | $17,425,128.63 | $16,010,335.21 | $17,112,739.43 | $18,953,799.24 |
| Share Drafts | 1,892,150.61 | 1,047,098.55 | 845,411.51 | 548,126.98 |
| IRAs | 0.00 | 0.00 | 0.00 | 0.00 |
| Certificates | 19,142,949.22 | 16,632,635.57 | 14,464,026.34 | 9,542,817.71 |
| Other Deposits | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Member Equity | $38,460,228.46 | $33,890,069.33 | $32,422,177.28 | $29,044,743.93 |
| Reserves & Undivided Earnings | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
| Regular & Legal Reserves | $0.0 | $0.00 | $0.00 | $0.00 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Undivided Earnings | 4,342,761.87 | 4,330,954.80 | 4,188,000.26 | 4,095,576.45 |
| Current Period Net Income | (153,892.33) | 11,807.07 | 142,954.54 | 235,643.30 |
| Total Capital | $4,188,869.54 | $4,342,761.87 | $4,330,954.80 | $4,331,219.75 |
| Total Liabilities & Equity | $43,343,277.05 | $39,281,554.82 | $34,286,837.67 | $33,266,829.73 |
Monthly Statement of Income and Expenses
December 31, 2023
| Income | Dec 2025 Year-to-Date | Dec 2024 Year-to-Date | Dec 2023 Year-to-Date |
|---|---|---|---|
| Income from Loans | $2,311,328.91 | $2,042,723.71 | $1,722,608.58 |
| Investment Income | 485,979.85 | 517,351.42 | 408,219.35 |
| Fees & Charges | 117,777.07 | 68,204.15 | 53,843.13 |
| Miscellaneous Income | 32,570.93 | 26,189.64 | 18,945.28 |
| Total Income | $2,947,656.76 | $2,654,468.92 | $2,203,616.34 |
| Cost of Funds | Dec 2025 Year-to-Date | Dec 2024 Year-to-Date | Dec 2023 Year-to-Date |
| Dividends on Accounts | $911,587.72 | $929,515.05 | $638,955.81 |
| Cost of Borrowed Money | 900.20 | 992.77 | 641.57 |
| Total Cost of Funds | $912,487.92 | $930,507.82 | $639,597.38 |
| Expenses | Dec 2025 Year-to-Date | Dec 2024 Year-to-Date | Dec 2023 Year-to-Date |
| Employee Compensation | $750,217.41 | $631,580.24 | $570,872.46 |
| Employee Benefits | 151,156.72 | 140,854.33 | 111,649.571 |
| Travel & Conferences | 24,353.04 | 22,605.86 | 33,665.48 |
| Association Dues | 8,212.27 | 6,254.68 | 33,665.48 |
| Office Occupancy | 47,603.29 | 37,917.30 | 48,666.58 |
| Office Operations | 210,457.88 | 167,601.10 | 147,349.27 |
| Educational & Promotional | 160,061.31 | 165,033.51 | 132,647.95 |
| Loan Servicing | 19,367.39 | 13,255.70 | 14,101.25 |
| Professional & Outside Services | 355,225.53 | 346,222.41 | 254,564.28 |
| Provision for Loan Losses | 381,0007.15 | 346,222.41 | 52,8835.74 |
| Member Insurances | 0.00 | 0.00 | 0.00 |
| Miscellaneous Expenses | 81,399.18 | 66,536.03 | 46,485.16 |
| Total Operating Expenses | $2,189,061.17 | $1,712,154.03 | $1,421,064.42 |
| Net Operating Income (LOSS) | $(153,892.33) | $11,807.07 | $142,954.554 |
| Expenses | Dec 2025 Year-to-Date | Dec 2024 Year-to-Date | Dec 2023 Year-to-Date |
| Gain/(Loss) on Sale of Investments | $0.00 | $0.00 | $0.00 |
| Gain/(Loss) on Sale of Fixed Assets | 0.00 | 0.00 | 0.00 |
| Other Non-operating Gains or (Losses) | 0.00 | 0.00 | 0.00 |
| Total Non-Operating Expenses | $0.00 | $0.00 | $0.00 |
| Net Income | $(153,892.33) | $11,807.07 | $142,954.54 |
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504 Clubview Dr.
Levelland Texas 79336
Mon-Fri: 10 AM - 5 PM
Sat (Drive-thru): 9 AM - 12 PM
Levelland Texas 79336
Mon-Fri: 10 AM - 5 PM
Sat (Drive-thru): 9 AM - 12 PM
(806) 894-6204
(806) 897-4071
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311385689
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**APY = Annual Percentage Yield.
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