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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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