Dec, 31, 2023 — FANNIN COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in BONHAM, TX with 1 branch location and about $10.61 million in total assets. Opened 55 years ago in 1969, FANNIN COUNTY TEACHERS FEDERAL CREDIT UNION has about 1,145 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FANNIN COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 621 N CENTER ST BONHAM, TX 75418 |
| Phone: | (903) 583-4326 |
| Fax: | (903) 583-7851 |
| Website: | https://fanninteachersfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,145 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19741 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,607,885 |
| CEO/Manager: | PAMELA D COMPTON |
| Chairperson: | DON MANHART |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 352,972 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 663,341 |
| Other Loans | 7,423,967 |
| TOTAL LOANS | 8,087,308 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,523 |
| Land And Building | 147,825 |
| Other Fixed Assets | 63,266 |
| NCUSIF Deposit | 91,902 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,607,885 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,059 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45,196 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,746,720 |
| All Other Shares & Deposits | 200,955 |
| TOTAL SHARES & DEPOSITS | 7,947,674 |
| TOTAL LIABILITIES | 8,013,929 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,593,956 |
| TOTAL EQUITY | 2,593,956 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,607,885 |
| INCOME & EXPENSE | |
| Loan Income | 413,612 |
| Investment Income | 70,906 |
| Other Income | 1,899 |
| Total Employee Compensation & Benefits | 191,869 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 109,140 |
| Non-operating Income & (Expense) | 9,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,700 |
| Cost of Funds | 69,811 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 123,058 |
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