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 |
|---|---|
| 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 |
| 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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