Dec, 31, 2023 — TXDOT CREDIT UNION is a federally insured state chartered credit union headquartered in ABILENE, TX with 2 branch locations and about $16.41 million in total assets. Opened 53 years ago in 1971, TXDOT CREDIT UNION has about 1,851 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TXDOT CREDIT UNION |
|---|---|
| Address: (Main Office) | 4174 Old Anson Rd ABILENE, TX 79601 |
| Phone: | (325) 676-8925 |
| Fax: | (325) 676-0560 |
| Website: | https://www.txdotcu.com |
| Branches: | 2 branch locations |
| Members: | 1,851 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67439 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,410,528 |
| CEO/Manager: | Toni L Nelson |
| Chairperson: | Russell Chapman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,020,485 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,908,977 |
| Other Loans | 12,484,818 |
| TOTAL LOANS | 14,393,795 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,888 |
| Land And Building | 271,048 |
| Other Fixed Assets | 9,995 |
| NCUSIF Deposit | 149,491 |
| All Other Assets | 61,029 |
| TOTAL ASSETS | 16,410,528 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 189,441 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 477,553 |
| Regular shares | 8,716,832 |
| All Other Shares & Deposits | 4,343,162 |
| TOTAL SHARES & DEPOSITS | 13,537,548 |
| TOTAL LIABILITIES | 13,726,989 |
| Regular Reserve | 0 |
| Other Reserves | 449,271 |
| Undivided Earnings | 2,234,268 |
| TOTAL EQUITY | 2,683,539 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,410,528 |
| INCOME & EXPENSE | |
| Loan Income | 633,716 |
| Investment Income | 42,195 |
| Other Income | 15,129 |
| Total Employee Compensation & Benefits | 227,173 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 210,540 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,000 |
| Cost of Funds | 74,039 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 151,709 |
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