Sep, 30, 2025 — LIFETIME FEDERAL CREDIT UNION is a federal credit union headquartered in RICHARDSON, TX with 2 branch locations and about $55.76 million in total assets. Opened 77 years ago in 1949, LIFETIME FEDERAL CREDIT UNION has about 4,313 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIFETIME FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 E Lookout Dr RICHARDSON, TX 75082 |
| Phone: | (972) 766-6732 |
| Fax: | (972) 766-8416 |
| Website: | https://www.lifetimefcu.org/ |
| Branches: | 2 branch locations |
| Members: | 4,313 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6012 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,756,165 |
| CEO/Manager: | Darryl Trammell |
| Chairperson: | Bryant Phipps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,384,691 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,406,707 |
| Unsecured Loans | 6,814,910 |
| Other Loans | 12,727,790 |
| TOTAL LOANS | 27,949,406 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -356,930 |
| Land And Building | 0 |
| Other Fixed Assets | 34,355 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 417,672 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,756,165 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 121,705 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,726,877 |
| Regular shares | 22,279,430 |
| All Other Shares & Deposits | 19,526,261 |
| TOTAL SHARES & DEPOSITS | 45,532,568 |
| TOTAL LIABILITIES | 45,654,273 |
| Regular Reserve | 0 |
| Other Reserves | 1,949,074 |
| Undivided Earnings | 8,152,818 |
| TOTAL EQUITY | 10,101,892 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,756,165 |
| INCOME & EXPENSE | |
| Loan Income | 1,336,365 |
| Investment Income | 412,527 |
| Other Income | 343,091 |
| Total Employee Compensation & Benefits | 705,773 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 745,868 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 79,017 |
| Cost of Funds | 736,435 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -36,924 |
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