Dec, 31, 2023 — DOMINO FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 4 branch locations and about $82.40 million in total assets. Opened 51 years ago in 1973, DOMINO FEDERAL CREDIT UNION has about 5,268 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DOMINO FEDERAL CREDIT UNION |
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Address: (Main Office) | 4702 S Lake Dr TEXARKANA, TX 75501 |
Phone: | (903) 832-3906 |
Fax: | (903) 838-2689 |
Website: | https://www.dominofcu.com |
Branches: | 4 branch locations |
Members: | 5,268 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21383 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $82,396,041 |
CEO/Manager: | Joy L Waters |
Chairperson: | Troy l Ashmore |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,363,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,319,656 |
Unsecured Loans | 3,676,373 |
Other Loans | 22,485,103 |
TOTAL LOANS | 37,481,132 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -239,728 |
Land And Building | 2,035,386 |
Other Fixed Assets | 125,975 |
NCUSIF Deposit | 645,583 |
All Other Assets | 160,498 |
TOTAL ASSETS | 82,396,041 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 757,295 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,863,900 |
Regular shares | 29,114,112 |
All Other Shares & Deposits | 23,871,609 |
TOTAL SHARES & DEPOSITS | 68,849,622 |
TOTAL LIABILITIES | 69,606,917 |
Regular Reserve | 0 |
Other Reserves | 739,111 |
Undivided Earnings | 12,050,013 |
TOTAL EQUITY | 12,789,124 |
TOTAL LIABILITIES, SHARES, & EQUITY | 82,396,041 |
INCOME & EXPENSE | |
Loan Income | 2,520,640 |
Investment Income | 1,119,852 |
Other Income | 745,293 |
Total Employee Compensation & Benefits | 1,318,408 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,115,291 |
Non-operating Income & (Expense) | -13,797 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,222 |
Cost of Funds | 634,885 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 820,982 |
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