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 |
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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 |
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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 |
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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 |
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