Mar, 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 $18.03 million in total assets. Opened 52 years ago in 1969, A NEW DIRECTION CREDIT UNION has about 2,970 members and employs 9 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 ROAD SUITE 100 DALLAS, TX 75251 |
| Phone: | (214) 361-3800 |
| Fax: | (214) 361-3899 |
| Website: | http://www.andcu.org |
| Branches: | 2 branch locations |
| Members: | 2,970 |
| 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: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,031,661 |
| CEO/Manager: | Z. Suzanne Chism |
| Chairperson: | Shyrl Johnston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,145,907 |
| TOTAL INVESTMENTS | 3,508,801 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,736,575 |
| Unsecured Loans | 1,970,317 |
| Other Loans | 5,558,446 |
| TOTAL LOANS | 9,265,338 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,017 |
| Land And Building | 0 |
| Other Fixed Assets | 6,376 |
| NCUSIF Deposit | 140,703 |
| All Other Assets | 113,553 |
| TOTAL ASSETS | 18,031,661 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 95,015 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,319,976 |
| Regular shares | 13,401,877 |
| All Other Shares & Deposits | 206,528 |
| TOTAL SHARES & DEPOSITS | 16,928,381 |
| TOTAL LIABILITIES | 17,023,396 |
| Regular Reserve | 738,741 |
| Other Reserves | 0 |
| Undivided Earnings | 269,524 |
| TOTAL EQUITY | 1,008,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,031,661 |
| INCOME & EXPENSE | |
| Loan Income | 135,309 |
| Investment Income | 1,664 |
| Other Income | 38,604 |
| Total Employee Compensation & Benefits | 110,123 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 122,957 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,060 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -42,391 |
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