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NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION

Jun, 30, 2021 — NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Paris, TX with 2 branch locations and about $32.11 million in total assets. Opened 60 years ago in 1961, NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION has about 2,570 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
3320 Lamar Ave
Paris, TX 75460-5024
Phone:(903) 785-6682
Fax:(903) 785-6259
Website:http://nettfcu.com
Branches:2 branch locations
Members:2,570
Credit Union Type:Federal Credit Union
Charter Number:14170
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1961
Last Audited:May 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,110,944
CEO/Manager:Brian Lawrence
Chairperson:Rex Ranes

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,450,059
TOTAL INVESTMENTS 12,489,506
Loans Held for Sale 0
 
 Real Estate Loans 138,972
 Unsecured Loans 439,395
 Other Loans 7,840,334
 TOTAL LOANS 8,418,701
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,574
 Land And Building 325,880
 Other Fixed Assets 25,529
 NCUSIF Deposit 256,552
 All Other Assets 164,291
  TOTAL ASSETS 32,110,944
LIABILITIES & CAPITAL:  
 Dividends Payable 128
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 138,967
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,286,088
 Regular shares 16,779,702
 All Other Shares & Deposits 5,286,094
  TOTAL SHARES & DEPOSITS 28,351,884
  TOTAL LIABILITIES 28,490,979
 Regular Reserve 660,075
 Other Reserves 0
 Undivided Earnings 2,959,890
  TOTAL EQUITY 3,619,965
  TOTAL LIABILITIES, SHARES, & EQUITY 32,110,944
INCOME & EXPENSE  
 Loan Income 194,864
 Investment Income 56,656
 Other Income 30,778
 Total Employee Compensation & Benefits 205,845
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 166,848
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,500
 Cost of Funds 25,732
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -33,988
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