Dec, 31, 2023 — FORT WORTH COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BEDFORD, TX with 10 branch locations and about $1.21 billion in total assets. Opened 84 years ago in 1940, FORT WORTH COMMUNITY CREDIT UNION has about 85,972 members and employs 184 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORT WORTH COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1905 Forest Ridge Dr BEDFORD, TX 76021-5724 |
Phone: | (817) 835-5000 |
Fax: | (817) 835-5235 |
Website: | https://www.ftwccu.org |
Branches: | 10 branch locations |
Members: | 85,972 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68471 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,206,269,215 |
CEO/Manager: | Diane Dorsey |
Chairperson: | Charles Redding |
ASSETS: | $ Amount |
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Cash & Equivalents | 149,533,978 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 180,292,127 |
Unsecured Loans | 84,134,414 |
Other Loans | 465,359,641 |
TOTAL LOANS | 730,306,778 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,689,269 |
Land And Building | 23,866,503 |
Other Fixed Assets | 1,297,841 |
NCUSIF Deposit | 10,332,414 |
All Other Assets | 180,587 |
TOTAL ASSETS | 1,206,269,215 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,460,894 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 162,956,537 |
Regular shares | 292,656,010 |
All Other Shares & Deposits | 623,980,252 |
TOTAL SHARES & DEPOSITS | 1,079,592,799 |
TOTAL LIABILITIES | 1,091,053,693 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 115,215,522 |
TOTAL EQUITY | 115,215,522 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,206,269,215 |
INCOME & EXPENSE | |
Loan Income | 37,276,980 |
Investment Income | 12,237,028 |
Other Income | 2,939,364 |
Total Employee Compensation & Benefits | 16,818,415 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,139,295 |
Non-operating Income & (Expense) | 220,781 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,231,257 |
Cost of Funds | 15,261,442 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,693,649 |
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