A NEW DIRECTION CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.andcu.org for more information.
Jun, 30, 2024 — A NEW DIRECTION CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $17.36 million in total assets. Opened 56 years ago in 1969, A NEW DIRECTION CREDIT UNION has about 2,778 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 ROAD SUITE 100 DALLAS, TX 75251 |
Phone: | (214) 361-3800 |
Fax: | (214) 361-3899 |
Website: | https://www.andcu.org |
Branches: | 2 branch locations |
Members: | 2,778 |
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: | $17,355,148 |
CEO/Manager: | Z. Suzanne Chism |
Chairperson: | Shyrl Johnston |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,372,980 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,976,220 |
Unsecured Loans | 1,731,016 |
Other Loans | 5,395,972 |
TOTAL LOANS | 10,103,208 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,424 |
Land And Building | 0 |
Other Fixed Assets | 3,593 |
NCUSIF Deposit | 111,544 |
All Other Assets | 0 |
TOTAL ASSETS | 17,355,148 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 42,528 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,854,678 |
Regular shares | 13,226,982 |
All Other Shares & Deposits | 223,791 |
TOTAL SHARES & DEPOSITS | 16,305,451 |
TOTAL LIABILITIES | 16,347,979 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,007,169 |
TOTAL EQUITY | 1,007,169 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,355,148 |
INCOME & EXPENSE | |
Loan Income | 121,966 |
Investment Income | 5,256 |
Other Income | 51,042 |
Total Employee Compensation & Benefits | 82,703 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 135,280 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,910 |
Cost of Funds | 3 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -61,703 |
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