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 |
| 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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