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 |
| 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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