Dec, 31, 2023 — EDINBURG TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in EDINBURG, TX with 1 branch location and about $92.09 million in total assets. Opened 69 years ago in 1955, EDINBURG TEACHERS CREDIT UNION has about 6,302 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EDINBURG TEACHERS CREDIT UNION |
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Address: (Main Office) | 900 W University Dr EDINBURG, TX 78539 |
Phone: | (956) 259-3511 |
Fax: | (956) 381-8206 |
Website: | https://www.etcu.coop |
Branches: | 1 branch locations |
Members: | 6,302 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66366 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $92,087,590 |
CEO/Manager: | Mary L Carpenter |
Chairperson: | Robert N Tamez |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,136,585 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,650 |
Unsecured Loans | 6,016,677 |
Other Loans | 15,235,563 |
TOTAL LOANS | 21,267,892 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -193,206 |
Land And Building | 1,440,602 |
Other Fixed Assets | 73,440 |
NCUSIF Deposit | 774,837 |
All Other Assets | 0 |
TOTAL ASSETS | 92,087,590 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,657,111 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,521,626 |
Regular shares | 50,921,840 |
All Other Shares & Deposits | 5,862,987 |
TOTAL SHARES & DEPOSITS | 78,306,453 |
TOTAL LIABILITIES | 79,963,564 |
Regular Reserve | 0 |
Other Reserves | -9,095,837 |
Undivided Earnings | 21,219,863 |
TOTAL EQUITY | 12,124,026 |
TOTAL LIABILITIES, SHARES, & EQUITY | 92,087,590 |
INCOME & EXPENSE | |
Loan Income | 1,133,827 |
Investment Income | 1,876,059 |
Other Income | 191,418 |
Total Employee Compensation & Benefits | 1,283,510 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,345,928 |
Non-operating Income & (Expense) | -3,197 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,810 |
Cost of Funds | 333,943 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 448,689 |
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