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.
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: | http://www.textelcu.org |
Branches: | 2 branch locations |
Members: | 3,275 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $65,893,337 |
CEO/Manager: | Pamela S Toler |
Chairperson: | Michael Robbins |
ASSETS: | $ Amount |
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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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