Dec, 31, 2021 — LUBBOCK TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in LUBBOCK, TX with 1 branch location and about $5.56 million in total assets. Opened 82 years ago in 1940, LUBBOCK TELCO FEDERAL CREDIT UNION has about 565 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: | LUBBOCK TELCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 2802 York Ave Unit D LUBBOCK, TX 79407-2632 |
Phone: | (806) 797-8044 |
Fax: | (806) 797-8045 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 565 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3878 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,558,644 |
CEO/Manager: | DEWEY D TUCKER |
Chairperson: | KEVIN PAUWELS |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,248,027 |
TOTAL INVESTMENTS | 752,028 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 55,391 |
Other Loans | 1,432,394 |
TOTAL LOANS | 1,487,785 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,691 |
Land And Building | 34,251 |
Other Fixed Assets | 342 |
NCUSIF Deposit | 38,393 |
All Other Assets | 6,509 |
TOTAL ASSETS | 5,558,644 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,453 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,029,377 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,029,377 |
TOTAL LIABILITIES | 4,031,830 |
Regular Reserve | 467,521 |
Other Reserves | 1,000,000 |
Undivided Earnings | 59,293 |
TOTAL EQUITY | 1,526,814 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,558,644 |
INCOME & EXPENSE | |
Loan Income | 71,621 |
Investment Income | 7,988 |
Other Income | 1,163 |
Total Employee Compensation & Benefits | 94,813 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 35,567 |
Non-operating Income & (Expense) | 39,029 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 61 |
Cost of Funds | 5,907 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -16,547 |
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