Dec, 31, 2023 — GOLDEN TRIANGLE FEDERAL CREDIT UNION is a federal credit union headquartered in GROVES, TX with 1 branch location and about $35.32 million in total assets. Opened 71 years ago in 1953, GOLDEN TRIANGLE FEDERAL CREDIT UNION has about 2,462 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GOLDEN TRIANGLE FEDERAL CREDIT UNION |
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Address: (Main Office) | 5211 E Parkway St GROVES, TX 77619 |
Phone: | (409) 962-3434 |
Fax: | (409) 962-0215 |
Website: | https://www.gtfcu.coop |
Branches: | 1 branch locations |
Members: | 2,462 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8298 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,321,138 |
CEO/Manager: | Christa Hollier |
Chairperson: | D. E Sosa |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,504,662 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,400,668 |
Unsecured Loans | 2,238,723 |
Other Loans | 14,080,249 |
TOTAL LOANS | 17,719,640 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,676 |
Land And Building | 215,823 |
Other Fixed Assets | 23,605 |
NCUSIF Deposit | 307,418 |
All Other Assets | 0 |
TOTAL ASSETS | 35,321,138 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 728,742 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,199,543 |
Regular shares | 13,429,943 |
All Other Shares & Deposits | 8,551,729 |
TOTAL SHARES & DEPOSITS | 29,181,215 |
TOTAL LIABILITIES | 29,909,957 |
Regular Reserve | 0 |
Other Reserves | -155,014 |
Undivided Earnings | 5,566,195 |
TOTAL EQUITY | 5,411,181 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,321,138 |
INCOME & EXPENSE | |
Loan Income | 895,399 |
Investment Income | 349,328 |
Other Income | 210,752 |
Total Employee Compensation & Benefits | 736,621 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 611,245 |
Non-operating Income & (Expense) | 88,312 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,038 |
Cost of Funds | 92,430 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 313,213 |
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