Dec, 31, 2023 — DATCU CREDIT UNION is a federally insured state chartered credit union headquartered in CORINTH, TX with 11 branch locations and about $1.57 billion in total assets. Opened 88 years ago in 1936, DATCU CREDIT UNION has about 107,932 members and employs 228 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DATCU CREDIT UNION |
|---|---|
| Address: (Main Office) | 5940 S Interstate 35 E CORINTH, TX 76210 |
| Phone: | (940) 387-8585 |
| Fax: | (940) 442-5428 |
| Website: | https://www.datcu.org |
| Branches: | 11 branch locations |
| Members: | 107,932 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67535 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,569,723,992 |
| CEO/Manager: | GLEN MCKENZIE |
| Chairperson: | Jamie Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 89,816,299 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 266,226,786 |
| Unsecured Loans | 51,161,484 |
| Other Loans | 1,055,914,760 |
| TOTAL LOANS | 1,382,578,559 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,186,284 |
| Land And Building | 39,362,635 |
| Other Fixed Assets | 1,900,826 |
| NCUSIF Deposit | 12,740,694 |
| All Other Assets | 882,158 |
| TOTAL ASSETS | 1,569,723,992 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,358,358 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,596,867 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 281,030,127 |
| Regular shares | 528,836,910 |
| All Other Shares & Deposits | 501,797,496 |
| TOTAL SHARES & DEPOSITS | 1,311,664,533 |
| TOTAL LIABILITIES | 1,324,619,758 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 245,104,234 |
| TOTAL EQUITY | 245,104,234 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,569,723,992 |
| INCOME & EXPENSE | |
| Loan Income | 63,759,311 |
| Investment Income | 5,119,904 |
| Other Income | 4,765,412 |
| Total Employee Compensation & Benefits | 23,665,011 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,696,238 |
| Non-operating Income & (Expense) | 88,733 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,057,132 |
| Cost of Funds | 14,205,421 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,708,095 |
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