Dec, 31, 2023 — CHEROKEE COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in RUSK, TX with 1 branch location and about $13.88 million in total assets. Opened 69 years ago in 1955, CHEROKEE COUNTY TEACHERS FEDERAL CREDIT UNION has about 1,900 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: | CHEROKEE COUNTY TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 145 FM 2972 W RUSK, TX 75785 |
Phone: | (903) 683-2630 |
Fax: | (903) 683-5429 |
Website: | https://www.ccteachers.com |
Branches: | 1 branch locations |
Members: | 1,900 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10269 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,880,996 |
CEO/Manager: | Kellie S Wilcox |
Chairperson: | RICKY HASSELL |
ASSETS: | $ Amount |
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Cash & Equivalents | 885,277 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 784,171 |
Other Loans | 9,981,679 |
TOTAL LOANS | 10,765,850 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,051 |
Land And Building | 474,038 |
Other Fixed Assets | 21,337 |
NCUSIF Deposit | 131,037 |
All Other Assets | 0 |
TOTAL ASSETS | 13,880,996 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 21,886 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,132,972 |
Regular shares | 7,023,745 |
All Other Shares & Deposits | 3,097,299 |
TOTAL SHARES & DEPOSITS | 11,254,016 |
TOTAL LIABILITIES | 11,275,902 |
Regular Reserve | 0 |
Other Reserves | 343,523 |
Undivided Earnings | 2,261,571 |
TOTAL EQUITY | 2,605,094 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,880,996 |
INCOME & EXPENSE | |
Loan Income | 481,034 |
Investment Income | 63,426 |
Other Income | 56,012 |
Total Employee Compensation & Benefits | 198,383 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 266,181 |
Non-operating Income & (Expense) | -1,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -78,962 |
Cost of Funds | 93,879 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 86,980 |
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