Dec, 31, 2023 — INTOUCH CREDIT UNION is a federally insured state chartered credit union headquartered in PLANO, TX with 16 branch locations and about $920.41 million in total assets. Opened 50 years ago in 1974, INTOUCH CREDIT UNION has about 86,649 members and employs 183 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INTOUCH CREDIT UNION |
---|---|
Address: (Main Office) | 5640 Democracy Dr PLANO, TX 75024 |
Phone: | (214) 291-1776 |
Fax: | |
Website: | https://www.itcu.org |
Branches: | 16 branch locations |
Members: | 86,649 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68505 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $920,409,034 |
CEO/Manager: | Kent Lugrand |
Chairperson: | Nancy Pressel |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 22,484,570 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 416,071,640 |
Unsecured Loans | 34,410,054 |
Other Loans | 276,390,794 |
TOTAL LOANS | 726,909,458 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,612,230 |
Land And Building | 28,028,121 |
Other Fixed Assets | 2,923,924 |
NCUSIF Deposit | 7,610,865 |
All Other Assets | 338,793 |
TOTAL ASSETS | 920,409,034 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,834 |
Notes & Interest Payable | 40,350,000 |
Accounts Payable & Other Liabilities | 17,108,982 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 232,321,944 |
Regular shares | 170,605,442 |
All Other Shares & Deposits | 381,769,758 |
TOTAL SHARES & DEPOSITS | 784,697,145 |
TOTAL LIABILITIES | 842,162,961 |
Regular Reserve | 0 |
Other Reserves | 828,121 |
Undivided Earnings | 77,417,952 |
TOTAL EQUITY | 78,246,073 |
TOTAL LIABILITIES, SHARES, & EQUITY | 920,409,034 |
INCOME & EXPENSE | |
Loan Income | 35,862,922 |
Investment Income | 10,913,978 |
Other Income | 2,934,987 |
Total Employee Compensation & Benefits | 16,789,906 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,263,102 |
Non-operating Income & (Expense) | 4,458,047 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,088,109 |
Cost of Funds | 20,835,294 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,291,287 |
↑ Back to Top |