Dec, 31, 2020 — NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Paris, TX with 2 branch locations and about $29.46 million in total assets. Opened 60 years ago in 1961, NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION has about 2,616 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 |
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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: | 2,616 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14170 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jan 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,456,189 |
CEO/Manager: | Brian Lawrence |
Chairperson: | Rex Ranes |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,523,830 |
TOTAL INVESTMENTS | 12,493,508 |
Loans Held for Sale | 0 |
Real Estate Loans | 153,166 |
Unsecured Loans | 563,099 |
Other Loans | 7,995,256 |
TOTAL LOANS | 8,711,521 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,655 |
Land And Building | 331,436 |
Other Fixed Assets | 31,753 |
NCUSIF Deposit | 226,477 |
All Other Assets | 156,319 |
TOTAL ASSETS | 29,456,189 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 984 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 146,097 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,507,940 |
Regular shares | 14,750,179 |
All Other Shares & Deposits | 5,397,038 |
TOTAL SHARES & DEPOSITS | 25,655,157 |
TOTAL LIABILITIES | 25,802,238 |
Regular Reserve | 660,075 |
Other Reserves | 0 |
Undivided Earnings | 2,993,876 |
TOTAL EQUITY | 3,653,951 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,456,189 |
INCOME & EXPENSE | |
Loan Income | 383,867 |
Investment Income | 234,100 |
Other Income | 274,128 |
Total Employee Compensation & Benefits | 433,624 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 323,331 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
Cost of Funds | 64,487 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 62,653 |
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