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TEXAS TECH FEDERAL CREDIT UNION

Mar, 31, 2021 — TEXAS TECH FEDERAL CREDIT UNION is a federal credit union headquartered in LUBBOCK, TX with 6 branch locations and about $305.07 million in total assets. Opened 62 years ago in 1959, TEXAS TECH FEDERAL CREDIT UNION has about 27,086 members and employs 125 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TEXAS TECH FEDERAL CREDIT UNION
Address:
(Main Office)
BOX 41072
LUBBOCK, TX 79409
Phone:(806) 742-3606
Fax:(806) 742-3699
Website:https://www.texastechfcu.org
Branches:6 branch locations
Members:27,086
Credit Union Type:Federal Credit Union
Charter Number:12858
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$305,073,502
CEO/Manager:Chris Hutson
Chairperson:Ronald Phillips

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 66,170,282
TOTAL INVESTMENTS 4,549,753
Loans Held for Sale 23,135,327
 
 Real Estate Loans 74,988,559
 Unsecured Loans 11,890,469
 Other Loans 99,392,187
 TOTAL LOANS 186,271,215
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,186,345
 Land And Building 14,128,458
 Other Fixed Assets 2,507,579
 NCUSIF Deposit 2,071,131
 All Other Assets 7,426,102
  TOTAL ASSETS 305,073,502
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,186,127
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 42,698,393
 Regular shares 109,105,505
 All Other Shares & Deposits 115,187,120
  TOTAL SHARES & DEPOSITS 266,991,018
  TOTAL LIABILITIES 273,177,145
 Regular Reserve 728,063
 Other Reserves 7,351,728
 Undivided Earnings 23,816,566
  TOTAL EQUITY 31,896,357
  TOTAL LIABILITIES, SHARES, & EQUITY 305,073,502
INCOME & EXPENSE  
 Loan Income 2,471,931
 Investment Income 32,003
 Other Income 882,138
 Total Employee Compensation & Benefits 3,583,961
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,371,237
 Non-operating Income & (Expense) 672,439
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 98,528
 Cost of Funds 427,036
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,381,074
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