Dec, 31, 2023 — NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in PARIS, TX with 2 branch locations and about $32.59 million in total assets. Opened 63 years ago in 1961, NORTHEAST TEXAS TEACHERS FEDERAL CREDIT UNION has about 2,571 members and employs 10 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: | https://nettfcu.com |
Branches: | 2 branch locations |
Members: | 2,571 |
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: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $32,589,106 |
CEO/Manager: | Brian Lawrence |
Chairperson: | Rex Ranes |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,099,990 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 41,877 |
Unsecured Loans | 604,803 |
Other Loans | 8,056,491 |
TOTAL LOANS | 8,703,171 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,378 |
Land And Building | 298,710 |
Other Fixed Assets | 9,675 |
NCUSIF Deposit | 293,856 |
All Other Assets | 0 |
TOTAL ASSETS | 32,589,106 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 206 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 163,325 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,306,584 |
Regular shares | 17,748,996 |
All Other Shares & Deposits | 4,322,377 |
TOTAL SHARES & DEPOSITS | 28,377,959 |
TOTAL LIABILITIES | 28,541,490 |
Regular Reserve | 0 |
Other Reserves | 660,075 |
Undivided Earnings | 3,387,541 |
TOTAL EQUITY | 4,047,616 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,589,106 |
INCOME & EXPENSE | |
Loan Income | 475,954 |
Investment Income | 850,890 |
Other Income | 81,270 |
Total Employee Compensation & Benefits | 494,017 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 388,184 |
Non-operating Income & (Expense) | 168 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,000 |
Cost of Funds | 178,259 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 413,147 |
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