Dec, 31, 2021 — TEXAS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KINGSVILLE, TX with 1 branch location and about $22.75 million in total assets. Opened 85 years ago in 1937, TEXAS COMMUNITY FEDERAL CREDIT UNION has about 2,475 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXAS COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 605 E Caesar Ave KINGSVILLE, TX 78363 |
| Phone: | (361) 595-5538 |
| Fax: | (361) 595-5530 |
| Website: | https://www.texasfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,475 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1879 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Aug 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,749,657 |
| CEO/Manager: | Imelda H Garza |
| Chairperson: | Juan M Macarano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,375,688 |
| TOTAL INVESTMENTS | 3,837,034 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,754,944 |
| Other Loans | 13,909,443 |
| TOTAL LOANS | 16,664,387 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,267 |
| Land And Building | 652,121 |
| Other Fixed Assets | 109,586 |
| NCUSIF Deposit | 167,274 |
| All Other Assets | 130,834 |
| TOTAL ASSETS | 22,749,657 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 229,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,112,049 |
| Regular shares | 8,199,440 |
| All Other Shares & Deposits | 8,326,216 |
| TOTAL SHARES & DEPOSITS | 19,637,705 |
| TOTAL LIABILITIES | 19,867,359 |
| Regular Reserve | 393,590 |
| Other Reserves | 0 |
| Undivided Earnings | 2,488,708 |
| TOTAL EQUITY | 2,882,298 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,749,657 |
| INCOME & EXPENSE | |
| Loan Income | 1,515,931 |
| Investment Income | 25,318 |
| Other Income | 129,063 |
| Total Employee Compensation & Benefits | 552,829 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 699,859 |
| Non-operating Income & (Expense) | 77,799 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 198,977 |
| Cost of Funds | 177,073 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 357,390 |
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