Dec, 31, 2023 — COOPERATIVE TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in TYLER, TX with 2 branch locations and about $119.42 million in total assets. Opened 71 years ago in 1953, COOPERATIVE TEACHERS CREDIT UNION has about 7,490 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COOPERATIVE TEACHERS CREDIT UNION |
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Address: (Main Office) | 1424 W Southwest Loop 323 TYLER, TX 75701-9347 |
Phone: | (903) 561-2603 |
Fax: | (903) 561-9394 |
Website: | https://www.coopteachers.com |
Branches: | 2 branch locations |
Members: | 7,490 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67576 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $119,419,578 |
CEO/Manager: | Tim Miller |
Chairperson: | Wayne Boshears |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,970,512 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 51,015,115 |
Unsecured Loans | 18,914,442 |
Other Loans | 15,354,722 |
TOTAL LOANS | 85,801,433 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,388,340 |
Land And Building | 4,702,413 |
Other Fixed Assets | 1,906,609 |
NCUSIF Deposit | 905,313 |
All Other Assets | 15,775 |
TOTAL ASSETS | 119,419,578 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 89,408 |
Notes & Interest Payable | 13,923,685 |
Accounts Payable & Other Liabilities | 1,862,445 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,977,525 |
Regular shares | 19,317,397 |
All Other Shares & Deposits | 66,296,280 |
TOTAL SHARES & DEPOSITS | 96,591,202 |
TOTAL LIABILITIES | 112,466,740 |
Regular Reserve | 0 |
Other Reserves | -2,079,608 |
Undivided Earnings | 9,032,446 |
TOTAL EQUITY | 6,952,838 |
TOTAL LIABILITIES, SHARES, & EQUITY | 119,419,578 |
INCOME & EXPENSE | |
Loan Income | 5,945,613 |
Investment Income | 640,170 |
Other Income | 473,775 |
Total Employee Compensation & Benefits | 1,711,907 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,077,541 |
Non-operating Income & (Expense) | -16,461 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 541,986 |
Cost of Funds | 1,803,708 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 292,612 |
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