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TEXOMA EDUCATORS FEDERAL CREDIT UNION

Dec, 31, 2020 — TEXOMA EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SHERMAN, TX with 3 branch locations and about $106.01 million in total assets. Opened 64 years ago in 1957, TEXOMA EDUCATORS FEDERAL CREDIT UNION has about 8,084 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:http://www.texomaeducators.com
Branches:3 branch locations
Members:8,084
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$106,011,093
CEO/Manager:Louella K Williams
Chairperson:H L Scott

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,040,439
TOTAL INVESTMENTS 57,494,192
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 5,933,949
 Other Loans 35,404,280
 TOTAL LOANS 41,338,229
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -133,136
 Land And Building 1,000,222
 Other Fixed Assets 238,611
 NCUSIF Deposit 873,408
 All Other Assets 2,159,128
  TOTAL ASSETS 106,011,093
LIABILITIES & CAPITAL:  
 Dividends Payable 8,309
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,161,303
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,725,449
 Regular shares 62,814,927
 All Other Shares & Deposits 14,384,277
  TOTAL SHARES & DEPOSITS 90,924,653
  TOTAL LIABILITIES 92,094,265
 Regular Reserve 3,112,947
 Other Reserves 0
 Undivided Earnings 10,803,881
  TOTAL EQUITY 13,916,828
  TOTAL LIABILITIES, SHARES, & EQUITY 106,011,093
INCOME & EXPENSE  
 Loan Income 1,891,190
 Investment Income 958,465
 Other Income 586,307
 Total Employee Compensation & Benefits 1,165,531
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,263,373
 Non-operating Income & (Expense) 219,879
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 196,000
 Cost of Funds 330,151
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 700,786
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