Dec, 31, 2023 — ELLIS COUNTY TEACHERS AND EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WAXAHACHIE, TX with 1 branch location and about $17.86 million in total assets. Opened 66 years ago in 1958, ELLIS COUNTY TEACHERS AND EMPLOYEES FEDERAL CREDIT UNION has about 2,231 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELLIS COUNTY TEACHERS AND EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 61 NORTHGATE DR WAXAHACHIE, TX 75165-1433 |
Phone: | (972) 937-4560 |
Fax: | (972) 937-4589 |
Website: | https://ectefcu.net |
Branches: | 1 branch locations |
Members: | 2,231 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12266 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,856,025 |
CEO/Manager: | LISA L POPE |
Chairperson: | MIKE TURNER |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,132,160 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 457,474 |
Other Loans | 8,802,976 |
TOTAL LOANS | 9,260,450 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,690 |
Land And Building | 0 |
Other Fixed Assets | 696 |
NCUSIF Deposit | 156,293 |
All Other Assets | 0 |
TOTAL ASSETS | 17,856,025 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43,819 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,544 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 11,815,490 |
All Other Shares & Deposits | 3,126,016 |
TOTAL SHARES & DEPOSITS | 14,941,506 |
TOTAL LIABILITIES | 14,983,781 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,872,244 |
TOTAL EQUITY | 2,872,244 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,856,025 |
INCOME & EXPENSE | |
Loan Income | 509,341 |
Investment Income | 253,532 |
Other Income | 15,143 |
Total Employee Compensation & Benefits | 204,099 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 92,465 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 252,676 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 282,250 |
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» See also Statement of Financial Condition