Dec, 31, 2023 — TEXAS TELCOM CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $57.27 million in total assets. Opened 72 years ago in 1952, TEXAS TELCOM CREDIT UNION has about 4,058 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXAS TELCOM CREDIT UNION |
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Address: (Main Office) | 8818 Garland Rd DALLAS, TX 75218-3916 |
Phone: | (214) 320-8818 |
Fax: | (214) 320-8875 |
Website: | https://www.textelcu.org |
Branches: | 2 branch locations |
Members: | 4,058 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67490 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $57,273,243 |
CEO/Manager: | Pamela S Toler |
Chairperson: | Michael Robbins |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,255,713 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,681,605 |
Unsecured Loans | 2,655,316 |
Other Loans | 22,400,068 |
TOTAL LOANS | 30,736,989 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,955 |
Land And Building | 847,135 |
Other Fixed Assets | 11,596 |
NCUSIF Deposit | 477,001 |
All Other Assets | 0 |
TOTAL ASSETS | 57,273,243 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 112,610 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,360,273 |
Regular shares | 21,040,936 |
All Other Shares & Deposits | 22,062,399 |
TOTAL SHARES & DEPOSITS | 49,463,608 |
TOTAL LIABILITIES | 49,577,040 |
Regular Reserve | 0 |
Other Reserves | -1,265,193 |
Undivided Earnings | 8,961,396 |
TOTAL EQUITY | 7,696,203 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,273,243 |
INCOME & EXPENSE | |
Loan Income | 1,642,720 |
Investment Income | 339,154 |
Other Income | 373,755 |
Total Employee Compensation & Benefits | 760,683 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 998,824 |
Non-operating Income & (Expense) | 1,944 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,440 |
Cost of Funds | 788,696 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -105,048 |
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