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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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