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T. C. TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2023 — T. C. TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Texas City, TX with 1 branch location and about $6.54 million in total assets. Opened 71 years ago in 1953, T. C. TEACHERS FEDERAL CREDIT UNION has about 841 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:T. C. TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 1150
Texas City, TX 77592
Phone:(409) 942-2617
Fax:(409) 942-2417
Website:https://www.tcteachersfcu.org
Branches:1 branch locations
Members:841
Credit Union Type:Federal Credit Union
Charter Number:8589
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1953
Last Audited:Nov 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,539,917
CEO/Manager:Brad Jackson
Chairperson:David Rac

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 403,350
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 495,753
 Other Loans 1,932,834
 TOTAL LOANS 2,428,587
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -60,386
 Land And Building 0
 Other Fixed Assets 8
 NCUSIF Deposit 57,287
 All Other Assets 0
  TOTAL ASSETS 6,539,917
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,441
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 127,590
 Regular shares 4,663,313
 All Other Shares & Deposits 705,975
  TOTAL SHARES & DEPOSITS 5,496,878
  TOTAL LIABILITIES 5,509,319
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,030,598
  TOTAL EQUITY 1,030,598
  TOTAL LIABILITIES, SHARES, & EQUITY 6,539,917
INCOME & EXPENSE  
 Loan Income 115,227
 Investment Income 49,609
 Other Income 4,774
 Total Employee Compensation & Benefits 125,434
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 89,332
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,500
 Cost of Funds 7,430
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -46,977
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