Dec, 31, 2023 — WHARTON COUNTY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in WHARTON, TX with 1 branch location and about $8.54 million in total assets. Opened 71 years ago in 1953, WHARTON COUNTY TEACHERS CREDIT UNION has about 716 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: | WHARTON COUNTY TEACHERS CREDIT UNION |
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Address: (Main Office) | 2114 Junior College Blvd WHARTON, TX 77488 |
Phone: | (979) 532-1930 |
Fax: | (979) 532-8099 |
Website: | https://wctcu.org/ |
Branches: | 1 branch locations |
Members: | 716 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67458 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,541,866 |
CEO/Manager: | Harold R Parnell |
Chairperson: | Emmett A Tugwell |
ASSETS: | $ Amount |
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Cash & Equivalents | 492,347 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 133,692 |
Other Loans | 1,221,969 |
TOTAL LOANS | 1,355,661 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,200 |
Land And Building | 7,304 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 70,967 |
All Other Assets | 0 |
TOTAL ASSETS | 8,541,866 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 81,571 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,796 |
Regular shares | 6,414,676 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 6,457,472 |
TOTAL LIABILITIES | 6,539,043 |
Regular Reserve | 0 |
Other Reserves | 150,000 |
Undivided Earnings | 1,852,823 |
TOTAL EQUITY | 2,002,823 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,541,866 |
INCOME & EXPENSE | |
Loan Income | 53,149 |
Investment Income | 149,837 |
Other Income | 35 |
Total Employee Compensation & Benefits | 89,404 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 75,192 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,580 |
Cost of Funds | 8,746 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 27,099 |
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