TEXAS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.texfed.org for more information.
Jun, 30, 2024 — 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 77 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: | https://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 |
| 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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