Dec, 31, 2020 — LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Liberty, TX with 1 branch location and about $19.56 million in total assets. Opened 61 years ago in 1960, LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION has about 2,824 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3712 North Main Street Liberty, TX 77575-3929 |
| Phone: | (936) 336-7236 |
| Fax: | (936) 336-7372 |
| Website: | http://www.libertycu.com |
| Branches: | 1 branch locations |
| Members: | 2,824 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14052 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Feb 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,563,301 |
| CEO/Manager: | Cathy L Thibodeaux |
| Chairperson: | Greg Hayman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,984,579 |
| TOTAL INVESTMENTS | 5,068,205 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 764,484 |
| Unsecured Loans | 816,653 |
| Other Loans | 9,317,626 |
| TOTAL LOANS | 10,898,763 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,116 |
| Land And Building | 423,923 |
| Other Fixed Assets | 10,960 |
| NCUSIF Deposit | 167,673 |
| All Other Assets | 103,314 |
| TOTAL ASSETS | 19,563,301 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 192,287 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,889,972 |
| Regular shares | 13,445,319 |
| All Other Shares & Deposits | 123,116 |
| TOTAL SHARES & DEPOSITS | 17,458,407 |
| TOTAL LIABILITIES | 17,650,694 |
| Regular Reserve | 388,343 |
| Other Reserves | 0 |
| Undivided Earnings | 1,524,264 |
| TOTAL EQUITY | 1,912,607 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,563,301 |
| INCOME & EXPENSE | |
| Loan Income | 622,130 |
| Investment Income | 115,056 |
| Other Income | 297,306 |
| Total Employee Compensation & Benefits | 318,376 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 527,473 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,086 |
| Cost of Funds | 27,706 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 174,023 |
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