Dec, 31, 2023 — GREATER TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 17 branch locations and about $949.76 million in total assets. Opened 72 years ago in 1952, GREATER TEXAS FEDERAL CREDIT UNION has about 85,826 members and employs 219 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREATER TEXAS FEDERAL CREDIT UNION |
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Address: (Main Office) | 12544 Riata Vista Cir AUSTIN, TX 78727 |
Phone: | (512) 458-2558 |
Fax: | |
Website: | https://www.gtfcu.org |
Branches: | 17 branch locations |
Members: | 85,826 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7590 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $949,758,414 |
CEO/Manager: | Howard N Baker |
Chairperson: | Wesley Yeager |
ASSETS: | $ Amount |
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Cash & Equivalents | 81,403,508 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 309,030,092 |
Unsecured Loans | 12,230,546 |
Other Loans | 409,565,973 |
TOTAL LOANS | 730,826,611 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,002,638 |
Land And Building | 48,963,494 |
Other Fixed Assets | 19,011,636 |
NCUSIF Deposit | 8,217,431 |
All Other Assets | 0 |
TOTAL ASSETS | 949,758,414 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17 |
Notes & Interest Payable | 18,547,264 |
Accounts Payable & Other Liabilities | 11,904,776 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 271,495,578 |
Regular shares | 323,231,147 |
All Other Shares & Deposits | 263,179,646 |
TOTAL SHARES & DEPOSITS | 857,906,371 |
TOTAL LIABILITIES | 888,358,428 |
Regular Reserve | 0 |
Other Reserves | -5,485,672 |
Undivided Earnings | 66,885,658 |
TOTAL EQUITY | 61,399,986 |
TOTAL LIABILITIES, SHARES, & EQUITY | 949,758,414 |
INCOME & EXPENSE | |
Loan Income | 29,494,648 |
Investment Income | 3,524,695 |
Other Income | 6,737,481 |
Total Employee Compensation & Benefits | 19,148,248 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,308,895 |
Non-operating Income & (Expense) | 2,413,723 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,197,011 |
Cost of Funds | 4,953,229 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,746,240 |
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