Dec, 31, 2023 — TEXAS GULF CAROLINA EMP CREDIT UNION is a federally insured state chartered credit union headquartered in AURORA, NC with 1 branch location and about $1.86 million in total assets. Opened 56 years ago in 1968, TEXAS GULF CAROLINA EMP CREDIT UNION has about 406 members and employs 4 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 GULF CAROLINA EMP CREDIT UNION |
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Address: (Main Office) | 1530 NC Highway 306 S AURORA, NC 27806-9245 |
Phone: | (252) 322-4111 |
Fax: | (252) 322-8090 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 406 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66320 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,857,647 |
CEO/Manager: | Tina Taylor |
Chairperson: | JULIA POTTER |
ASSETS: | $ Amount |
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Cash & Equivalents | 64,060 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 617,065 |
Other Loans | 450,915 |
TOTAL LOANS | 1,067,980 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,092 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 12,980 |
All Other Assets | 0 |
TOTAL ASSETS | 1,857,647 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 734 |
Notes & Interest Payable | 33,071 |
Accounts Payable & Other Liabilities | 120 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 916,261 |
All Other Shares & Deposits | 217,597 |
TOTAL SHARES & DEPOSITS | 1,133,858 |
TOTAL LIABILITIES | 1,167,783 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 689,864 |
TOTAL EQUITY | 689,864 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,857,647 |
INCOME & EXPENSE | |
Loan Income | 149,703 |
Investment Income | 28,148 |
Other Income | 0 |
Total Employee Compensation & Benefits | 120,521 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 49,566 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,992 |
Cost of Funds | 3,942 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -84,170 |
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