Dec, 31, 2023 — LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in LIBERTY, TX with 1 branch location and about $23.56 million in total assets. Opened 64 years ago in 1960, LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION has about 2,732 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3712 N Main St LIBERTY, TX 77575-3929 |
Phone: | (936) 336-7236 |
Fax: | (936) 336-7372 |
Website: | https://www.libertycu.com |
Branches: | 1 branch locations |
Members: | 2,732 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14052 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,560,076 |
CEO/Manager: | Cathy L Thibodeaux |
Chairperson: | Greg Hayman |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,643,838 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,221,460 |
Unsecured Loans | 998,018 |
Other Loans | 11,219,820 |
TOTAL LOANS | 13,475,947 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,309 |
Land And Building | 448,437 |
Other Fixed Assets | 10,809 |
NCUSIF Deposit | 204,856 |
All Other Assets | 0 |
TOTAL ASSETS | 23,560,076 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 173,476 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,515,457 |
Regular shares | 15,901,297 |
All Other Shares & Deposits | 213,288 |
TOTAL SHARES & DEPOSITS | 20,630,042 |
TOTAL LIABILITIES | 20,803,518 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,756,558 |
TOTAL EQUITY | 2,756,558 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,560,076 |
INCOME & EXPENSE | |
Loan Income | 789,560 |
Investment Income | 306,060 |
Other Income | 217,842 |
Total Employee Compensation & Benefits | 418,096 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 535,013 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -20,587 |
Cost of Funds | 44,178 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 466,291 |
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