Dec, 31, 2023 — VICTORIA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in VICTORIA, TX with 1 branch location and about $18.90 million in total assets. Opened 69 years ago in 1955, VICTORIA TEACHERS FEDERAL CREDIT UNION has about 1,234 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VICTORIA TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2207 Wildwood St VICTORIA, TX 77901-7363 |
Phone: | (361) 576-3168 |
Fax: | (361) 576-0924 |
Website: | https://www.myvtfcu.com |
Branches: | 1 branch locations |
Members: | 1,234 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10327 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,895,771 |
CEO/Manager: | Blake E Matus |
Chairperson: | Tracy Funkhouser |
ASSETS: | $ Amount |
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Cash & Equivalents | 713,192 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 994,568 |
Unsecured Loans | 1,039,210 |
Other Loans | 4,263,549 |
TOTAL LOANS | 6,297,327 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,421 |
Land And Building | 384,360 |
Other Fixed Assets | 3,694 |
NCUSIF Deposit | 131,227 |
All Other Assets | 0 |
TOTAL ASSETS | 18,895,771 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 94,682 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,101,769 |
Regular shares | 10,132,159 |
All Other Shares & Deposits | 2,124,546 |
TOTAL SHARES & DEPOSITS | 13,358,474 |
TOTAL LIABILITIES | 13,453,156 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,442,615 |
TOTAL EQUITY | 5,442,615 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,895,771 |
INCOME & EXPENSE | |
Loan Income | 340,640 |
Investment Income | 430,058 |
Other Income | 62,662 |
Total Employee Compensation & Benefits | 205,189 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 278,418 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,905 |
Cost of Funds | 81,489 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 230,032 |
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