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TEXAS TELCOM CREDIT UNION

Dec, 31, 2021 — TEXAS TELCOM CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $65.89 million in total assets. Opened 70 years ago in 1952, TEXAS TELCOM CREDIT UNION has about 3,275 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311080531
Name:TEXAS TELCOM CREDIT UNION
Address:
(Main Office)
8818 Garland Rd
DALLAS, TX 75218-3916
Phone:(214) 320-8818
Fax:(214) 320-8875
Website:http://www.textelcu.org
Branches:2 branch locations
Members:3,275
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67490
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$65,893,337
CEO/Manager:Pamela S Toler
Chairperson:Michael Robbins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,502,857
TOTAL INVESTMENTS 30,601,937
Loans Held for Sale 0
 
 Real Estate Loans 6,655,007
 Unsecured Loans 2,888,542
 Other Loans 17,839,020
 TOTAL LOANS 27,382,569
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -92,596
 Land And Building 918,827
 Other Fixed Assets 5,091
 NCUSIF Deposit 492,647
 All Other Assets 2,082,005
  TOTAL ASSETS 65,893,337
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 231,548
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,785,802
 Regular shares 28,739,609
 All Other Shares & Deposits 21,805,548
  TOTAL SHARES & DEPOSITS 57,330,959
  TOTAL LIABILITIES 57,562,507
 Regular Reserve 2,642,685
 Other Reserves -671,327
 Undivided Earnings 6,359,472
  TOTAL EQUITY 8,330,830
  TOTAL LIABILITIES, SHARES, & EQUITY 65,893,337
INCOME & EXPENSE  
 Loan Income 1,480,905
 Investment Income 325,447
 Other Income 204,558
 Total Employee Compensation & Benefits 791,660
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 958,186
 Non-operating Income & (Expense) -7,868
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,195
 Cost of Funds 450,918
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 169,277
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