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LUBBOCK TELCO FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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