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LUBBOCK TELCO FEDERAL CREDIT UNION

Dec, 31, 2023 — LUBBOCK TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in LUBBOCK, TX with 1 branch location and about $5.52 million in total assets. Opened 84 years ago in 1940, LUBBOCK TELCO FEDERAL CREDIT UNION has about 491 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LUBBOCK TELCO FEDERAL CREDIT UNION
Address:
(Main Office)
2802 York Ave Unit D
LUBBOCK, TX 79407-2632
Phone:(806) 797-8044
Fax:(806) 797-8045
Website:n/a
Branches:1 branch locations
Members:491
Credit Union Type:Federal Credit Union
Charter Number:3878
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1940
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$5,522,743
CEO/Manager:STACY M ROGERS
Chairperson:KEVIN PAUWELS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,618,156
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 66,551
 Other Loans 1,766,696
 TOTAL LOANS 1,833,247
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,631
 Land And Building 32,451
 Other Fixed Assets 32
 NCUSIF Deposit 38,782
 All Other Assets 0
  TOTAL ASSETS 5,522,743
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 47,900
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,069,861
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,069,861
  TOTAL LIABILITIES 4,117,761
 Regular Reserve 0
 Other Reserves 1,467,521
 Undivided Earnings -62,539
  TOTAL EQUITY 1,404,982
  TOTAL LIABILITIES, SHARES, & EQUITY 5,522,743
INCOME & EXPENSE  
 Loan Income 80,911
 Investment Income 141,066
 Other Income 125
 Total Employee Compensation & Benefits 164,221
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,499
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 204,928
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -179,548
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