Mar, 31, 2021 — EL PASO AREA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 10 branch locations and about $806.66 million in total assets. Opened 85 years ago in 1936, EL PASO AREA TEACHERS FEDERAL CREDIT UNION has about 67,292 members and employs 202 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 |
|---|---|
| Address: (Main Office) | 12020 ROJAS DR EL PASO, TX 79936 |
| Phone: | (915) 843-8328 |
| Fax: | (915) 859-3564 |
| Website: | http://www.tfcu.coop |
| Branches: | 10 branch locations |
| Members: | 67,292 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1409 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $806,655,101 |
| CEO/Manager: | Max Villaronga |
| Chairperson: | Lillian Crouch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 66,720,374 |
| TOTAL INVESTMENTS | 53,741,261 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 122,888,419 |
| Unsecured Loans | 47,058,719 |
| Other Loans | 472,639,015 |
| TOTAL LOANS | 644,059,456 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,388,676 |
| Land And Building | 20,595,111 |
| Other Fixed Assets | 3,567,375 |
| NCUSIF Deposit | 6,390,101 |
| All Other Assets | 17,970,099 |
| TOTAL ASSETS | 806,655,101 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,451,351 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 171,113,414 |
| Regular shares | 323,592,729 |
| All Other Shares & Deposits | 211,304,745 |
| TOTAL SHARES & DEPOSITS | 706,010,888 |
| TOTAL LIABILITIES | 711,462,245 |
| Regular Reserve | 4,492,804 |
| Other Reserves | 8,513,841 |
| Undivided Earnings | 82,186,211 |
| TOTAL EQUITY | 95,192,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 806,655,101 |
| INCOME & EXPENSE | |
| Loan Income | 7,975,866 |
| Investment Income | 253,577 |
| Other Income | 2,069,025 |
| Total Employee Compensation & Benefits | 3,465,893 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,549,277 |
| Non-operating Income & (Expense) | 2,196 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 433,000 |
| Cost of Funds | 910,047 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,847,596 |
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