Mar, 31, 2021 — TEXOMA EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SHERMAN, TX with 3 branch locations and about $111.49 million in total assets. Opened 64 years ago in 1957, TEXOMA EDUCATORS FEDERAL CREDIT UNION has about 8,066 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: | 8,066 |
| 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: | $111,489,777 |
| CEO/Manager: | Louella K Williams |
| Chairperson: | H L Scott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,835,066 |
| TOTAL INVESTMENTS | 61,881,192 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 5,790,370 |
| Other Loans | 34,257,823 |
| TOTAL LOANS | 40,048,193 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,221 |
| Land And Building | 991,291 |
| Other Fixed Assets | 229,666 |
| NCUSIF Deposit | 873,408 |
| All Other Assets | 2,753,182 |
| TOTAL ASSETS | 111,489,777 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,491 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 971,546 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,233,534 |
| Regular shares | 67,268,574 |
| All Other Shares & Deposits | 12,985,361 |
| TOTAL SHARES & DEPOSITS | 96,487,469 |
| TOTAL LIABILITIES | 97,465,506 |
| Regular Reserve | 3,112,947 |
| Other Reserves | 0 |
| Undivided Earnings | 10,911,324 |
| TOTAL EQUITY | 14,024,271 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,489,777 |
| INCOME & EXPENSE | |
| Loan Income | 458,125 |
| Investment Income | 194,498 |
| Other Income | 151,508 |
| Total Employee Compensation & Benefits | 297,471 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 320,506 |
| Non-operating Income & (Expense) | -3 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,852 |
| Cost of Funds | 61,856 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 107,443 |
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