Dec, 31, 2023 — TYLER CITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in TYLER, TX with 1 branch location and about $26.98 million in total assets. Opened 71 years ago in 1953, TYLER CITY EMPLOYEES CREDIT UNION has about 3,077 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TYLER CITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3711 Frankston Hwy TYLER, TX 75701 |
| Phone: | (903) 592-8012 |
| Fax: | (903) 593-8781 |
| Website: | https://tylercityecu.com |
| Branches: | 1 branch locations |
| Members: | 3,077 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67638 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,983,927 |
| CEO/Manager: | MariAnn Morgan |
| Chairperson: | Gary Rice |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,597,001 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,328,406 |
| Other Loans | 17,923,755 |
| TOTAL LOANS | 20,252,162 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,487 |
| Land And Building | 1,312,692 |
| Other Fixed Assets | 87,994 |
| NCUSIF Deposit | 226,958 |
| All Other Assets | 65,000 |
| TOTAL ASSETS | 26,983,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 110,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,680,163 |
| Regular shares | 15,430,727 |
| All Other Shares & Deposits | 4,315,520 |
| TOTAL SHARES & DEPOSITS | 22,426,410 |
| TOTAL LIABILITIES | 22,537,374 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,446,553 |
| TOTAL EQUITY | 4,446,553 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,983,927 |
| INCOME & EXPENSE | |
| Loan Income | 1,136,918 |
| Investment Income | 154,620 |
| Other Income | 264,200 |
| Total Employee Compensation & Benefits | 481,746 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 624,076 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,710 |
| Cost of Funds | 181,377 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 237,993 |
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