Dec, 31, 2023 — EL PASO AREA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 11 branch locations and about $1.02 billion in total assets. Opened 88 years ago in 1936, EL PASO AREA TEACHERS FEDERAL CREDIT UNION has about 73,872 members and employs 244 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EL PASO AREA TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 12020 Rojas Dr EL PASO, TX 79936 |
Phone: | (915) 843-8328 |
Fax: | (915) 859-3564 |
Website: | https://www.raiz.us |
Branches: | 11 branch locations |
Members: | 73,872 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1409 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,017,478,014 |
CEO/Manager: | Max Villaronga |
Chairperson: | Lillian Crouch |
ASSETS: | $ Amount |
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Cash & Equivalents | 70,914,743 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 198,761,936 |
Unsecured Loans | 50,416,586 |
Other Loans | 607,985,574 |
TOTAL LOANS | 871,467,363 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,926,886 |
Land And Building | 23,158,663 |
Other Fixed Assets | 12,989,980 |
NCUSIF Deposit | 7,997,086 |
All Other Assets | 1,215,210 |
TOTAL ASSETS | 1,017,478,014 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 254,548 |
Notes & Interest Payable | 30,000,000 |
Accounts Payable & Other Liabilities | 15,384,897 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 204,047,903 |
Regular shares | 300,069,365 |
All Other Shares & Deposits | 364,542,633 |
TOTAL SHARES & DEPOSITS | 868,659,902 |
TOTAL LIABILITIES | 914,299,347 |
Regular Reserve | 0 |
Other Reserves | -1,496,469 |
Undivided Earnings | 104,675,136 |
TOTAL EQUITY | 103,178,667 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,017,478,014 |
INCOME & EXPENSE | |
Loan Income | 48,192,022 |
Investment Income | 1,450,723 |
Other Income | 17,855,653 |
Total Employee Compensation & Benefits | 19,974,182 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,492,581 |
Non-operating Income & (Expense) | 1,412,269 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,972,247 |
Cost of Funds | 13,353,130 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,118,527 |
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» See also Statement of Financial Condition