Dec, 31, 2023 — TEAM FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $5.43 million in total assets. Opened 54 years ago in 1970, TEAM FINANCIAL FEDERAL CREDIT UNION has about 1,075 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAM FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2190 North Loop W Ste 108 HOUSTON, TX 77018-8007 |
| Phone: | (713) 316-9999 |
| Fax: | (713) 316-9990 |
| Website: | https://www.teamffcu.org |
| Branches: | 1 branch locations |
| Members: | 1,075 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20147 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,431,960 |
| CEO/Manager: | Lynda M Milton |
| Chairperson: | Mark Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 669,279 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 266,676 |
| Other Loans | 2,782,746 |
| TOTAL LOANS | 3,454,536 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,898 |
| Land And Building | 0 |
| Other Fixed Assets | 87,760 |
| NCUSIF Deposit | 53,671 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,431,960 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -25 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 204,302 |
| Regular shares | 3,845,887 |
| All Other Shares & Deposits | 1,001,230 |
| TOTAL SHARES & DEPOSITS | 5,051,419 |
| TOTAL LIABILITIES | 5,051,394 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 380,566 |
| TOTAL EQUITY | 380,566 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,431,960 |
| INCOME & EXPENSE | |
| Loan Income | 270,596 |
| Investment Income | 36,448 |
| Other Income | 48,096 |
| Total Employee Compensation & Benefits | 118,627 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 199,841 |
| Non-operating Income & (Expense) | 6,328 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 21,889 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,547 |
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