Sep, 30, 2025 — TEX MEX CREDIT UNION is a federally insured state chartered credit union headquartered in LAREDO, TX with 2 branch locations and about $8.39 million in total assets. Opened 73 years ago in 1953, TEX MEX CREDIT UNION has about 2,238 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEX MEX CREDIT UNION |
|---|---|
| Address: (Main Office) | 1420 Cedar Ave LAREDO, TX 78040-7956 |
| Phone: | (956) 722-1032 |
| Fax: | (956) 722-9876 |
| Website: | https://www.tmcu.com |
| Branches: | 2 branch locations |
| Members: | 2,238 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67579 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,391,761 |
| CEO/Manager: | Cesar Oldham |
| Chairperson: | Cesar J Cabello |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 942,058 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,062,624 |
| Other Loans | 2,929,352 |
| TOTAL LOANS | 4,991,976 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -332,835 |
| Land And Building | 236,822 |
| Other Fixed Assets | 7,385 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 64,845 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,391,761 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,733 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 658,439 |
| Regular shares | 3,050,463 |
| All Other Shares & Deposits | 2,572,361 |
| TOTAL SHARES & DEPOSITS | 6,281,264 |
| TOTAL LIABILITIES | 6,319,997 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,071,764 |
| TOTAL EQUITY | 2,071,764 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,391,761 |
| INCOME & EXPENSE | |
| Loan Income | 394,124 |
| Investment Income | 27,002 |
| Other Income | 41,783 |
| Total Employee Compensation & Benefits | 166,823 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 329,836 |
| Non-operating Income & (Expense) | 14,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 461,629 |
| Cost of Funds | 34,052 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -493,502 |
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