Dec, 31, 2023 — TRINITY VALLEY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in PALESTINE, TX with 1 branch location and about $31.05 million in total assets. Opened 58 years ago in 1966, TRINITY VALLEY TEACHERS CREDIT UNION has about 3,114 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: | TRINITY VALLEY TEACHERS CREDIT UNION |
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Address: (Main Office) | 3301 S Loop 256 PALESTINE, TX 75801 |
Phone: | (903) 729-0207 |
Fax: | (903) 729-7840 |
Website: | https://tvtcu.com |
Branches: | 1 branch locations |
Members: | 3,114 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67634 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Jan 01, 2024 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,048,110 |
CEO/Manager: | Becky Goodman |
Chairperson: | Johnnie Keeling |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,946,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,353 |
Unsecured Loans | 1,417,794 |
Other Loans | 5,359,958 |
TOTAL LOANS | 6,797,106 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,978 |
Land And Building | 1,132,799 |
Other Fixed Assets | 30,963 |
NCUSIF Deposit | 257,110 |
All Other Assets | 0 |
TOTAL ASSETS | 31,048,110 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,195 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 42,220 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,455,248 |
Regular shares | 18,745,893 |
All Other Shares & Deposits | 2,247,675 |
TOTAL SHARES & DEPOSITS | 22,448,816 |
TOTAL LIABILITIES | 22,503,231 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,544,879 |
TOTAL EQUITY | 8,544,879 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,048,110 |
INCOME & EXPENSE | |
Loan Income | 405,839 |
Investment Income | 473,501 |
Other Income | 27,288 |
Total Employee Compensation & Benefits | 308,048 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 349,230 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,067 |
Cost of Funds | 81,004 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 198,858 |
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» See also Statement of Financial Condition