T. C. TEACHERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.tcteachersfcu.org for more information.
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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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