Jun, 30, 2021 — TEXOMA FEDERAL CREDIT UNION is a federal credit union headquartered in Fritch, TX with 1 branch location and about $10.14 million in total assets. Opened 80 years ago in 1941, TEXOMA FEDERAL CREDIT UNION has about 915 members and employs 4 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) | P.O. Box 310 Fritch, TX 79036 |
| Phone: | (806) 857-3319 |
| Fax: | (806) 857-3324 |
| Website: | http://www.texomafcu.com |
| Branches: | 1 branch locations |
| Members: | 915 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4292 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,139,610 |
| CEO/Manager: | Fred Cooper |
| Chairperson: | Arvin Cowan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 467,518 |
| TOTAL INVESTMENTS | 4,840,929 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 241,883 |
| Other Loans | 4,542,005 |
| TOTAL LOANS | 4,783,888 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,192 |
| Land And Building | 9,496 |
| Other Fixed Assets | 10,219 |
| NCUSIF Deposit | 78,464 |
| All Other Assets | 21,288 |
| TOTAL ASSETS | 10,139,610 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,456 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,422,223 |
| All Other Shares & Deposits | 2,142,053 |
| TOTAL SHARES & DEPOSITS | 7,564,276 |
| TOTAL LIABILITIES | 7,577,029 |
| Regular Reserve | 328,790 |
| Other Reserves | 34,806 |
| Undivided Earnings | 2,198,985 |
| TOTAL EQUITY | 2,562,581 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,139,610 |
| INCOME & EXPENSE | |
| Loan Income | 121,310 |
| Investment Income | 11,940 |
| Other Income | 65 |
| Total Employee Compensation & Benefits | 101,094 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 50,658 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 519 |
| Cost of Funds | 10,079 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,611 |
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