Dec, 31, 2023 — WHARTON COUNTY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in WHARTON, TX with 1 branch location and about $8.54 million in total assets. Opened 71 years ago in 1953, WHARTON COUNTY TEACHERS CREDIT UNION has about 716 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: | WHARTON COUNTY TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2114 Junior College Blvd WHARTON, TX 77488 |
| Phone: | (979) 532-1930 |
| Fax: | (979) 532-8099 |
| Website: | https://wctcu.org/ |
| Branches: | 1 branch locations |
| Members: | 716 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67458 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,541,866 |
| CEO/Manager: | Harold R Parnell |
| Chairperson: | Emmett A Tugwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 492,347 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 133,692 |
| Other Loans | 1,221,969 |
| TOTAL LOANS | 1,355,661 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,200 |
| Land And Building | 7,304 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 70,967 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,541,866 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 81,571 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,796 |
| Regular shares | 6,414,676 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,457,472 |
| TOTAL LIABILITIES | 6,539,043 |
| Regular Reserve | 0 |
| Other Reserves | 150,000 |
| Undivided Earnings | 1,852,823 |
| TOTAL EQUITY | 2,002,823 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,541,866 |
| INCOME & EXPENSE | |
| Loan Income | 53,149 |
| Investment Income | 149,837 |
| Other Income | 35 |
| Total Employee Compensation & Benefits | 89,404 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,192 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,580 |
| Cost of Funds | 8,746 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,099 |
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