Mar, 31, 2022 — TEXAS TELCOM CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 2 branch locations and about $65.05 million in total assets. Opened 70 years ago in 1952, TEXAS TELCOM CREDIT UNION has about 3,247 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.
| 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: | 3,247 |
| 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: | $65,046,413 |
| CEO/Manager: | Pamela S Toler |
| Chairperson: | Michael Robbins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,897,382 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,587,456 |
| Unsecured Loans | 3,352,992 |
| Other Loans | 18,318,959 |
| TOTAL LOANS | 28,259,407 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,781 |
| Land And Building | 909,837 |
| Other Fixed Assets | 4,677 |
| NCUSIF Deposit | 492,647 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,046,413 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 247,637 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,216,840 |
| Regular shares | 27,935,402 |
| All Other Shares & Deposits | 21,669,391 |
| TOTAL SHARES & DEPOSITS | 56,821,633 |
| TOTAL LIABILITIES | 57,069,270 |
| Regular Reserve | 0 |
| Other Reserves | -1,089,232 |
| Undivided Earnings | 9,066,375 |
| TOTAL EQUITY | 7,977,143 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,046,413 |
| INCOME & EXPENSE | |
| Loan Income | 351,363 |
| Investment Income | 74,802 |
| Other Income | 99,671 |
| Total Employee Compensation & Benefits | 176,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 244,444 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,078 |
| Cost of Funds | 96,670 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,218 |
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