Dec, 31, 2020 — ELLIS COUNTY TEACHERS AND EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WAXAHACHIE, TX with 1 branch location and about $16.48 million in total assets. Opened 63 years ago in 1958, ELLIS COUNTY TEACHERS AND EMPLOYEES FEDERAL CREDIT UNION has about 2,250 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) | P O BOX 308 WAXAHACHIE, TX 75168-0308 |
Phone: | (972) 937-4560 |
Fax: | (972) 937-4589 |
Website: | http://ectefcu.net |
Branches: | 1 branch locations |
Members: | 2,250 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,477,779 |
CEO/Manager: | LISA L POPE |
Chairperson: | MIKE TURNER |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,179,207 |
TOTAL INVESTMENTS | 4,925,263 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 437,662 |
Other Loans | 8,839,400 |
TOTAL LOANS | 9,277,062 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,247 |
Land And Building | 0 |
Other Fixed Assets | 15,327 |
NCUSIF Deposit | 129,711 |
All Other Assets | 22,456 |
TOTAL ASSETS | 16,477,779 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 36,973 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,660 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 12,251,694 |
All Other Shares & Deposits | 1,911,391 |
TOTAL SHARES & DEPOSITS | 14,163,085 |
TOTAL LIABILITIES | 14,202,718 |
Regular Reserve | 61,560 |
Other Reserves | 0 |
Undivided Earnings | 2,213,501 |
TOTAL EQUITY | 2,275,061 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,477,779 |
INCOME & EXPENSE | |
Loan Income | 434,352 |
Investment Income | 95,298 |
Other Income | 49,053 |
Total Employee Compensation & Benefits | 209,460 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 89,561 |
Non-operating Income & (Expense) | 2,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 119,204 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 162,478 |
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