Dec, 31, 2023 — WICHITA FALLS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $98.82 million in total assets. Opened 87 years ago in 1937, WICHITA FALLS TEACHERS FEDERAL CREDIT UNION has about 6,354 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WICHITA FALLS TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4301 Barnett Rd WICHITA FALLS, TX 76310 |
| Phone: | (940) 692-7096 |
| Fax: | (940) 689-8926 |
| Website: | https://www.wftfcu.com |
| Branches: | 1 branch locations |
| Members: | 6,354 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2112 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,823,653 |
| CEO/Manager: | Angela K Clark |
| Chairperson: | Lloyd R Byers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,037,318 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,571,694 |
| Unsecured Loans | 11,575,606 |
| Other Loans | 31,818,293 |
| TOTAL LOANS | 54,965,593 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -380,981 |
| Land And Building | 1,588,677 |
| Other Fixed Assets | 77,820 |
| NCUSIF Deposit | 829,226 |
| All Other Assets | 0 |
| TOTAL ASSETS | 98,823,653 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 422,255 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,783,057 |
| Regular shares | 43,492,306 |
| All Other Shares & Deposits | 21,914,414 |
| TOTAL SHARES & DEPOSITS | 88,189,777 |
| TOTAL LIABILITIES | 88,612,032 |
| Regular Reserve | 0 |
| Other Reserves | -2,584,578 |
| Undivided Earnings | 12,796,199 |
| TOTAL EQUITY | 10,211,621 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,823,653 |
| INCOME & EXPENSE | |
| Loan Income | 3,331,997 |
| Investment Income | 747,939 |
| Other Income | 952,724 |
| Total Employee Compensation & Benefits | 1,717,984 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,180,165 |
| Non-operating Income & (Expense) | 54,459 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 453,026 |
| Cost of Funds | 595,418 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 195,428 |
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