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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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