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TEXAS FEDERAL CREDIT UNION

Mar, 31, 2022 — TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in DALLAS, TX with 3 branch locations and about $61.86 million in total assets. Opened 75 years ago in 1947, TEXAS FEDERAL CREDIT UNION has about 6,608 members and employs 17 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 FEDERAL CREDIT UNION
Address:
(Main Office)
1100 COMMERCE ST STE 745
DALLAS, TX 75242
Phone:(214) 748-9556
Fax:(214) 748-3143
Website:http://www.texfed.org
Branches:3 branch locations
Members:6,608
Credit Union Type:Federal Credit Union
Charter Number:5497
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1947
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$61,856,343
CEO/Manager:Catherine Perry
Chairperson:Michael Helfand

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,853,282
TOTAL INVESTMENTS 16,078,356
Loans Held for Sale 0
 
 Real Estate Loans 10,015,444
 Unsecured Loans 2,919,898
 Other Loans 8,018,268
 TOTAL LOANS 20,953,610
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -54,871
 Land And Building 130,979
 Other Fixed Assets 44,357
 NCUSIF Deposit 568,458
 All Other Assets 282,172
  TOTAL ASSETS 61,856,343
LIABILITIES & CAPITAL:  
 Dividends Payable 176
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 438,658
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,276,738
 Regular shares 34,825,965
 All Other Shares & Deposits 2,735,034
  TOTAL SHARES & DEPOSITS 57,837,737
  TOTAL LIABILITIES 58,276,571
 Regular Reserve 2,873,320
 Other Reserves 0
 Undivided Earnings 706,452
  TOTAL EQUITY 3,579,772
  TOTAL LIABILITIES, SHARES, & EQUITY 61,856,343
INCOME & EXPENSE  
 Loan Income 751,899
 Investment Income 101,407
 Other Income 299,216
 Total Employee Compensation & Benefits 857,380
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 955,264
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,000
 Cost of Funds 459
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -150,014
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