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 |
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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 |
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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 |
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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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