Dec, 31, 2023 — EAST TEXAS PROFESSIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in LONGVIEW, TX with 21 branch locations and about $1.20 billion in total assets. Opened 71 years ago in 1953, EAST TEXAS PROFESSIONAL CREDIT UNION has about 98,111 members and employs 319 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EAST TEXAS PROFESSIONAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5000 George Richey Rd LONGVIEW, TX 75604-9291 |
| Phone: | (903) 323-0230 |
| Fax: | |
| Website: | https://www.etpcu.org |
| Branches: | 21 branch locations |
| Members: | 98,111 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67761 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,196,111,011 |
| CEO/Manager: | William B Norton |
| Chairperson: | Joel Hale |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 122,186,217 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 248,397,235 |
| Unsecured Loans | 33,931,030 |
| Other Loans | 502,063,875 |
| TOTAL LOANS | 784,392,140 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,158,599 |
| Land And Building | 32,218,703 |
| Other Fixed Assets | 4,403,506 |
| NCUSIF Deposit | 8,957,656 |
| All Other Assets | 672,728 |
| TOTAL ASSETS | 1,196,111,011 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,062,658 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 180,295,406 |
| Regular shares | 398,661,996 |
| All Other Shares & Deposits | 378,239,274 |
| TOTAL SHARES & DEPOSITS | 957,196,676 |
| TOTAL LIABILITIES | 980,259,334 |
| Regular Reserve | 0 |
| Other Reserves | 17,311,984 |
| Undivided Earnings | 198,539,693 |
| TOTAL EQUITY | 215,851,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,196,111,011 |
| INCOME & EXPENSE | |
| Loan Income | 39,286,620 |
| Investment Income | 11,400,951 |
| Other Income | 15,384,231 |
| Total Employee Compensation & Benefits | 18,723,533 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,503,812 |
| Non-operating Income & (Expense) | -440,372 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,575,388 |
| Cost of Funds | 6,484,496 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,447,485 |
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