Jun, 30, 2024 — TEAM FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $5.56 million in total assets. Opened 54 years ago in 1970, TEAM FINANCIAL FEDERAL CREDIT UNION has about 1,197 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAM FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2190 North Loop W Ste 108 HOUSTON, TX 77018-8007 |
| Phone: | (713) 316-9999 |
| Fax: | (713) 316-9990 |
| Website: | https://www.teamffcu.org |
| Branches: | 1 branch locations |
| Members: | 1,197 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20147 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,560,954 |
| CEO/Manager: | Lynda M Milton |
| Chairperson: | Mark Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,065,253 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 315,384 |
| Other Loans | 2,842,385 |
| TOTAL LOANS | 3,458,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,130 |
| Land And Building | 0 |
| Other Fixed Assets | 87,155 |
| NCUSIF Deposit | 53,671 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,560,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,267 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,300 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 183,863 |
| Regular shares | 4,131,629 |
| All Other Shares & Deposits | 903,914 |
| TOTAL SHARES & DEPOSITS | 5,219,406 |
| TOTAL LIABILITIES | 5,223,973 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 336,981 |
| TOTAL EQUITY | 336,981 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,560,954 |
| INCOME & EXPENSE | |
| Loan Income | 166,902 |
| Investment Income | 8,389 |
| Other Income | 29,605 |
| Total Employee Compensation & Benefits | 69,134 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 133,717 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,787 |
| Cost of Funds | 13,110 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 61,447 |
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