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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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