Sep, 30, 2025 — TEXOMA EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SHERMAN, TX with 3 branch locations and about $130.96 million in total assets. Opened 69 years ago in 1957, TEXOMA EDUCATORS FEDERAL CREDIT UNION has about 8,588 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXOMA EDUCATORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 506 W Lamar St SHERMAN, TX 75090-5840 |
| Phone: | (903) 892-1505 |
| Fax: | (903) 892-0671 |
| Website: | https://www.texomaeducators.com |
| Branches: | 3 branch locations |
| Members: | 8,588 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11670 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $130,963,932 |
| CEO/Manager: | Louella K Williams |
| Chairperson: | Greg Akins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,383,679 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 7,364,581 |
| Other Loans | 47,980,179 |
| TOTAL LOANS | 55,344,760 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,113 |
| Land And Building | 1,405,252 |
| Other Fixed Assets | 147,073 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,066,535 |
| All Other Assets | 0 |
| TOTAL ASSETS | 130,963,932 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 41,529 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 996,299 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,871,155 |
| Regular shares | 60,724,242 |
| All Other Shares & Deposits | 31,629,879 |
| TOTAL SHARES & DEPOSITS | 112,225,277 |
| TOTAL LIABILITIES | 113,263,105 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 17,700,827 |
| TOTAL EQUITY | 17,700,827 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 130,963,932 |
| INCOME & EXPENSE | |
| Loan Income | 2,648,451 |
| Investment Income | 980,615 |
| Other Income | 628,433 |
| Total Employee Compensation & Benefits | 1,089,561 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,227,809 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,338 |
| Cost of Funds | 946,669 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 918,122 |
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