Jun, 30, 2021 — TEXAS TELCOM CREDIT UNION is a federally insured state chartered credit union headquartered in Dallas, TX with 2 branch locations and about $61.81 million in total assets. Opened 69 years ago in 1952, TEXAS TELCOM CREDIT UNION has about 3,265 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 |
|---|---|
| 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: | 3,265 |
| 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: | $61,808,383 |
| CEO/Manager: | Pamela S Toler |
| Chairperson: | Michael Robbins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,925,160 |
| TOTAL INVESTMENTS | 25,615,657 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,799,836 |
| Unsecured Loans | 3,126,592 |
| Other Loans | 17,906,542 |
| TOTAL LOANS | 27,832,970 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,100 |
| Land And Building | 936,809 |
| Other Fixed Assets | 8,072 |
| NCUSIF Deposit | 477,269 |
| All Other Assets | 2,138,546 |
| TOTAL ASSETS | 61,808,383 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 155,334 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,383,719 |
| Regular shares | 27,368,017 |
| All Other Shares & Deposits | 20,595,163 |
| TOTAL SHARES & DEPOSITS | 53,346,899 |
| TOTAL LIABILITIES | 53,502,233 |
| Regular Reserve | 2,642,685 |
| Other Reserves | -703,550 |
| Undivided Earnings | 6,367,015 |
| TOTAL EQUITY | 8,306,150 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,808,383 |
| INCOME & EXPENSE | |
| Loan Income | 754,765 |
| Investment Income | 171,079 |
| Other Income | 96,112 |
| Total Employee Compensation & Benefits | 385,823 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 473,465 |
| Non-operating Income & (Expense) | -3,712 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,873 |
| Cost of Funds | 229,672 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 176,907 |
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