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LUBBOCK TELCO FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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