Dec, 31, 2023 — WICHITA FALLS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $98.82 million in total assets. Opened 87 years ago in 1937, WICHITA FALLS TEACHERS FEDERAL CREDIT UNION has about 6,354 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WICHITA FALLS TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 4301 Barnett Rd WICHITA FALLS, TX 76310 |
Phone: | (940) 692-7096 |
Fax: | (940) 689-8926 |
Website: | https://www.wftfcu.com |
Branches: | 1 branch locations |
Members: | 6,354 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2112 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $98,823,653 |
CEO/Manager: | Angela K Clark |
Chairperson: | Lloyd R Byers |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,037,318 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,571,694 |
Unsecured Loans | 11,575,606 |
Other Loans | 31,818,293 |
TOTAL LOANS | 54,965,593 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -380,981 |
Land And Building | 1,588,677 |
Other Fixed Assets | 77,820 |
NCUSIF Deposit | 829,226 |
All Other Assets | 0 |
TOTAL ASSETS | 98,823,653 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 422,255 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,783,057 |
Regular shares | 43,492,306 |
All Other Shares & Deposits | 21,914,414 |
TOTAL SHARES & DEPOSITS | 88,189,777 |
TOTAL LIABILITIES | 88,612,032 |
Regular Reserve | 0 |
Other Reserves | -2,584,578 |
Undivided Earnings | 12,796,199 |
TOTAL EQUITY | 10,211,621 |
TOTAL LIABILITIES, SHARES, & EQUITY | 98,823,653 |
INCOME & EXPENSE | |
Loan Income | 3,331,997 |
Investment Income | 747,939 |
Other Income | 952,724 |
Total Employee Compensation & Benefits | 1,717,984 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,180,165 |
Non-operating Income & (Expense) | 54,459 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 453,026 |
Cost of Funds | 595,418 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 195,428 |
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