Dec, 31, 2021 — TEXOMA FEDERAL CREDIT UNION is a federal credit union headquartered in FRITCH, TX with 1 branch location and about $10.07 million in total assets. Opened 81 years ago in 1941, TEXOMA FEDERAL CREDIT UNION has about 909 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXOMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Texoma Blvd FRITCH, TX 79036-8270 |
| Phone: | (806) 857-3319 |
| Fax: | (806) 857-3324 |
| Website: | http://www.texomafcu.com |
| Branches: | 1 branch locations |
| Members: | 909 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4292 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,074,250 |
| CEO/Manager: | Jane Bryan |
| Chairperson: | Arvin Cowan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 685,732 |
| TOTAL INVESTMENTS | 4,592,929 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 244,959 |
| Other Loans | 4,515,961 |
| TOTAL LOANS | 4,760,920 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,560 |
| Land And Building | 9,193 |
| Other Fixed Assets | 7,190 |
| NCUSIF Deposit | 78,464 |
| All Other Assets | 21,382 |
| TOTAL ASSETS | 10,074,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,293 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,496 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,400,362 |
| All Other Shares & Deposits | 2,127,973 |
| TOTAL SHARES & DEPOSITS | 7,528,335 |
| TOTAL LIABILITIES | 7,548,124 |
| Regular Reserve | 328,791 |
| Other Reserves | 34,806 |
| Undivided Earnings | 2,162,529 |
| TOTAL EQUITY | 2,526,126 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,074,250 |
| INCOME & EXPENSE | |
| Loan Income | 244,568 |
| Investment Income | 18,016 |
| Other Income | 110 |
| Total Employee Compensation & Benefits | 218,924 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 107,221 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,777 |
| Cost of Funds | 19,162 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -40,067 |
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