Dec, 31, 2021 — A NEW DIRECTION CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $17.63 million in total assets. Opened 53 years ago in 1969, A NEW DIRECTION CREDIT UNION has about 2,801 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A NEW DIRECTION CREDIT UNION |
|---|---|
| Address: (Main Office) | 12770 Coit Rd Ste 100 DALLAS, TX 75251 |
| Phone: | (214) 361-3800 |
| Fax: | (214) 361-3899 |
| Website: | http://www.andcu.org |
| Branches: | 2 branch locations |
| Members: | 2,801 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67413 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,632,702 |
| CEO/Manager: | Z. Suzanne Chism |
| Chairperson: | Shyrl Johnston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,237,071 |
| TOTAL INVESTMENTS | 4,002,801 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,998,932 |
| Unsecured Loans | 1,734,055 |
| Other Loans | 5,459,341 |
| TOTAL LOANS | 10,192,328 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,354 |
| Land And Building | 0 |
| Other Fixed Assets | 4,383 |
| NCUSIF Deposit | 166,543 |
| All Other Assets | 92,930 |
| TOTAL ASSETS | 17,632,702 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,822 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,985,881 |
| Regular shares | 13,364,253 |
| All Other Shares & Deposits | 190,873 |
| TOTAL SHARES & DEPOSITS | 16,541,007 |
| TOTAL LIABILITIES | 16,563,829 |
| Regular Reserve | 792,595 |
| Other Reserves | 0 |
| Undivided Earnings | 276,278 |
| TOTAL EQUITY | 1,068,873 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,632,702 |
| INCOME & EXPENSE | |
| Loan Income | 522,071 |
| Investment Income | 9,189 |
| Other Income | 204,468 |
| Total Employee Compensation & Benefits | 363,247 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 505,005 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -51,760 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,217 |
| ↑ Back to Top | |