Sep, 30, 2025 — TEXAR FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 4 branch locations and about $438.74 million in total assets. Opened 75 years ago in 1951, TEXAR FEDERAL CREDIT UNION has about 29,175 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2301 RICHMOND RD TEXARKANA, TX 75503 |
| Phone: | (903) 223-0000 |
| Fax: | (903) 792-1810 |
| Website: | https://www.gotexar.com |
| Branches: | 4 branch locations |
| Members: | 29,175 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24567 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $438,741,380 |
| CEO/Manager: | KELLY MITCHELL |
| Chairperson: | Kyle A Dooley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,519,700 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 122,969,511 |
| Unsecured Loans | 15,630,141 |
| Other Loans | 107,740,595 |
| TOTAL LOANS | 246,525,285 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,559,745 |
| Land And Building | 3,125,513 |
| Other Fixed Assets | 532,382 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,866,939 |
| All Other Assets | 378,089 |
| TOTAL ASSETS | 438,741,380 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 678,985 |
| Notes & Interest Payable | 43,000,000 |
| Accounts Payable & Other Liabilities | 2,892,570 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,924,856 |
| Regular shares | 65,733,266 |
| All Other Shares & Deposits | 222,467,595 |
| TOTAL SHARES & DEPOSITS | 332,125,718 |
| TOTAL LIABILITIES | 378,697,273 |
| Regular Reserve | 0 |
| Other Reserves | -9,684,294 |
| Undivided Earnings | 69,728,401 |
| TOTAL EQUITY | 60,044,107 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 438,741,380 |
| INCOME & EXPENSE | |
| Loan Income | 12,180,695 |
| Investment Income | 4,725,895 |
| Other Income | 1,508,109 |
| Total Employee Compensation & Benefits | 4,869,124 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,325,851 |
| Non-operating Income & (Expense) | 143,682 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,223,394 |
| Cost of Funds | 7,919,166 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,411,937 |
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