Sep, 30, 2025 — INDEPENDENCE TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, MO with 1 branch location and about $16.36 million in total assets. Opened 67 years ago in 1959, INDEPENDENCE TEACHERS CREDIT UNION has about 1,876 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INDEPENDENCE TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 N Forest Ave Ste 3 INDEPENDENCE, MO 64050-2697 |
| Phone: | (816) 521-5378 |
| Fax: | (816) 521-5603 |
| Website: | https://www.sites.isdschools.org/itc |
| Branches: | 1 branch locations |
| Members: | 1,876 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62620 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,362,995 |
| CEO/Manager: | Angela G Cook |
| Chairperson: | Sammy J Brock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,490,165 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 276,774 |
| Other Loans | 4,694,184 |
| TOTAL LOANS | 4,970,957 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,702 |
| Land And Building | 0 |
| Other Fixed Assets | 65,254 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 132,762 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,362,995 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,946 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 13,899,248 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 13,899,248 |
| TOTAL LIABILITIES | 13,928,194 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,434,801 |
| TOTAL EQUITY | 2,434,801 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,362,995 |
| INCOME & EXPENSE | |
| Loan Income | 220,229 |
| Investment Income | 277,704 |
| Other Income | 1,956 |
| Total Employee Compensation & Benefits | 120,725 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 66,401 |
| Non-operating Income & (Expense) | 225 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,146 |
| Cost of Funds | 142,285 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 136,557 |
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