Dec, 31, 2023 — TEXANS CREDIT UNION is a federally insured state chartered credit union headquartered in RICHARDSON, TX with 11 branch locations and about $2.20 billion in total assets. Opened 71 years ago in 1953, TEXANS CREDIT UNION has about 122,388 members and employs 251 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXANS CREDIT UNION |
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Address: (Main Office) | 777 E Campbell Rd RICHARDSON, TX 75081-1891 |
Phone: | (972) 348-2000 |
Fax: | |
Website: | https://www.texanscu.org |
Branches: | 11 branch locations |
Members: | 122,388 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60806 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,195,933,253 |
CEO/Manager: | David Frazier |
Chairperson: | George Consolver |
ASSETS: | $ Amount |
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Cash & Equivalents | 69,062,136 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 271,098 |
Real Estate Loans | 529,368,262 |
Unsecured Loans | 65,181,580 |
Other Loans | 821,725,960 |
TOTAL LOANS | 1,417,373,564 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,361,202 |
Land And Building | 21,700,590 |
Other Fixed Assets | 8,835,540 |
NCUSIF Deposit | 17,925,032 |
All Other Assets | 300,653 |
TOTAL ASSETS | 2,195,933,253 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,311,724 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 603,120,611 |
Regular shares | 651,621,353 |
All Other Shares & Deposits | 737,974,092 |
TOTAL SHARES & DEPOSITS | 1,992,716,056 |
TOTAL LIABILITIES | 2,025,027,780 |
Regular Reserve | 0 |
Other Reserves | -51,358,527 |
Undivided Earnings | 222,264,000 |
TOTAL EQUITY | 170,905,473 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,195,933,253 |
INCOME & EXPENSE | |
Loan Income | 56,976,140 |
Investment Income | 24,399,241 |
Other Income | 8,158,946 |
Total Employee Compensation & Benefits | 23,512,833 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 22,294,842 |
Non-operating Income & (Expense) | -687,308 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,321,005 |
Cost of Funds | 25,828,010 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 23,914,129 |
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