Dec, 31, 2020 — EL PASO AREA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 10 branch locations and about $769.79 million in total assets. Opened 85 years ago in 1936, EL PASO AREA TEACHERS FEDERAL CREDIT UNION has about 65,915 members and employs 205 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: | 65,915 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $769,789,488 |
| CEO/Manager: | Max Villaronga |
| Chairperson: | Lillian Crouch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,830,595 |
| TOTAL INVESTMENTS | 59,719,700 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 120,838,020 |
| Unsecured Loans | 49,548,059 |
| Other Loans | 440,996,715 |
| TOTAL LOANS | 612,666,949 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,345,343 |
| Land And Building | 20,746,084 |
| Other Fixed Assets | 3,668,593 |
| NCUSIF Deposit | 6,145,001 |
| All Other Assets | 18,357,909 |
| TOTAL ASSETS | 769,789,488 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,551,429 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 154,780,625 |
| Regular shares | 292,051,933 |
| All Other Shares & Deposits | 225,432,907 |
| TOTAL SHARES & DEPOSITS | 672,265,465 |
| TOTAL LIABILITIES | 676,816,894 |
| Regular Reserve | 4,492,804 |
| Other Reserves | 9,141,175 |
| Undivided Earnings | 79,338,615 |
| TOTAL EQUITY | 92,972,594 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 769,789,488 |
| INCOME & EXPENSE | |
| Loan Income | 28,799,677 |
| Investment Income | 1,212,530 |
| Other Income | 11,355,816 |
| Total Employee Compensation & Benefits | 13,331,814 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,594,288 |
| Non-operating Income & (Expense) | -55,622 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,606,200 |
| Cost of Funds | 4,506,573 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,273,526 |
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