Dec, 31, 2021 — TEXAS PEOPLE FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $27.51 million in total assets. Opened 76 years ago in 1946, TEXAS PEOPLE FEDERAL CREDIT UNION has about 2,436 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXAS PEOPLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4613 Wellesley Ave FORT WORTH, TX 76107 |
| Phone: | (817) 731-2756 |
| Fax: | (817) 737-6507 |
| Website: | http://www.fwtpfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,436 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5337 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,514,441 |
| CEO/Manager: | Stuart M Himmelstein |
| Chairperson: | Michelle Scott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,601,181 |
| TOTAL INVESTMENTS | 12,228,668 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,510,042 |
| Unsecured Loans | 1,133,660 |
| Other Loans | 10,450,239 |
| TOTAL LOANS | 13,093,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,005 |
| Land And Building | 301,411 |
| Other Fixed Assets | 52,594 |
| NCUSIF Deposit | 199,378 |
| All Other Assets | 120,273 |
| TOTAL ASSETS | 27,514,441 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 130 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 218,254 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,809,879 |
| Regular shares | 16,083,667 |
| All Other Shares & Deposits | 3,943,295 |
| TOTAL SHARES & DEPOSITS | 22,836,841 |
| TOTAL LIABILITIES | 23,055,225 |
| Regular Reserve | 756,085 |
| Other Reserves | 0 |
| Undivided Earnings | 3,703,131 |
| TOTAL EQUITY | 4,459,216 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,514,441 |
| INCOME & EXPENSE | |
| Loan Income | 771,111 |
| Investment Income | 33,898 |
| Other Income | 131,453 |
| Total Employee Compensation & Benefits | 534,147 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 580,009 |
| Non-operating Income & (Expense) | -65,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,706 |
| Cost of Funds | 39,203 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -130,624 |
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