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TEXAS TELCOM CREDIT UNION

Jun, 30, 2023 — TEXAS TELCOM CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $63.93 million in total assets. Opened 72 years ago in 1952, TEXAS TELCOM CREDIT UNION has about 4,083 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.


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:https://www.textelcu.org
Branches:2 branch locations
Members:4,083
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$63,929,426
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 2,880,123
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,693,793
 Unsecured Loans 3,001,249
 Other Loans 19,933,467
 TOTAL LOANS 28,628,509
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,521
 Land And Building 891,855
 Other Fixed Assets 4,163
 NCUSIF Deposit 526,798
 All Other Assets 0
  TOTAL ASSETS 63,929,426
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 248,199
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,482,779
 Regular shares 27,100,251
 All Other Shares & Deposits 21,485,461
  TOTAL SHARES & DEPOSITS 56,068,491
  TOTAL LIABILITIES 56,316,690
 Regular Reserve 0
 Other Reserves 1,080,057
 Undivided Earnings 6,532,679
  TOTAL EQUITY 7,612,736
  TOTAL LIABILITIES, SHARES, & EQUITY 63,929,426
INCOME & EXPENSE  
 Loan Income 1,077,392
 Investment Income 260,312
 Other Income 293,710
 Total Employee Compensation & Benefits 530,801
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 713,634
 Non-operating Income & (Expense) -250
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,185
 Cost of Funds 304,951
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 173,207
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