Dec, 31, 2023 — TEXELL CREDIT UNION is a federally insured state chartered credit union headquartered in TEMPLE, TX with 8 branch locations and about $690.23 million in total assets. Opened 76 years ago in 1948, TEXELL CREDIT UNION has about 51,146 members and employs 218 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXELL CREDIT UNION |
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Address: (Main Office) | 17 S 1st St TEMPLE, TX 76501-7603 |
Phone: | (254) 773-1604 |
Fax: | (254) 774-9365 |
Website: | https://www.texell.org |
Branches: | 8 branch locations |
Members: | 51,146 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68608 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $690,228,948 |
CEO/Manager: | Tony Hale |
Chairperson: | Kenneth Gaby |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,044,529 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 27,909 |
Real Estate Loans | 247,756,161 |
Unsecured Loans | 84,496,202 |
Other Loans | 264,530,947 |
TOTAL LOANS | 596,783,309 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,646,222 |
Land And Building | 9,628,116 |
Other Fixed Assets | 20,177,522 |
NCUSIF Deposit | 5,879,306 |
All Other Assets | 600,051 |
TOTAL ASSETS | 690,228,948 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,577,280 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 100,251,592 |
Regular shares | 190,559,837 |
All Other Shares & Deposits | 319,053,295 |
TOTAL SHARES & DEPOSITS | 609,864,723 |
TOTAL LIABILITIES | 624,442,003 |
Regular Reserve | 0 |
Other Reserves | -26,370 |
Undivided Earnings | 65,813,315 |
TOTAL EQUITY | 65,786,945 |
TOTAL LIABILITIES, SHARES, & EQUITY | 690,228,948 |
INCOME & EXPENSE | |
Loan Income | 31,861,668 |
Investment Income | 1,983,525 |
Other Income | 9,498,257 |
Total Employee Compensation & Benefits | 15,480,413 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,348,729 |
Non-operating Income & (Expense) | 13,007 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,413,956 |
Cost of Funds | 10,589,107 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,493,039 |
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