Mar, 31, 2021 — LUBBOCK TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in LUBBOCK, TX with 1 branch location and about $5.52 million in total assets. Opened 81 years ago in 1940, LUBBOCK TELCO FEDERAL CREDIT UNION has about 605 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) | P O BOX 16499 LUBBOCK, TX 79490 |
| Phone: | (806) 797-8044 |
| Fax: | (806) 797-8045 |
| Website: | http://lubbocktelcofcu.com |
| Branches: | 1 branch locations |
| Members: | 605 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,516,267 |
| CEO/Manager: | DEWEY D TUCKER |
| Chairperson: | KEVIN PAUWELS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,262,320 |
| TOTAL INVESTMENTS | 752,028 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 62,991 |
| Other Loans | 1,371,564 |
| TOTAL LOANS | 1,434,555 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,889 |
| Land And Building | 34,926 |
| Other Fixed Assets | 420 |
| NCUSIF Deposit | 39,193 |
| All Other Assets | 3,714 |
| TOTAL ASSETS | 5,516,267 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,930 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,951,614 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,951,614 |
| TOTAL LIABILITIES | 3,985,544 |
| Regular Reserve | 467,521 |
| Other Reserves | 1,000,000 |
| Undivided Earnings | 63,202 |
| TOTAL EQUITY | 1,530,723 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,516,267 |
| INCOME & EXPENSE | |
| Loan Income | 18,029 |
| Investment Income | 2,469 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 22,250 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,489 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 61 |
| Cost of Funds | 1,441 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,638 |
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