Dec, 31, 2023 — MARSHALL T & P EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MARSHALL, TX with 1 branch location and about $13.93 million in total assets. Opened 76 years ago in 1948, MARSHALL T & P EMPLOYEES FEDERAL CREDIT UNION has about 1,389 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARSHALL T & P EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 406 GREENWOOD AVE MARSHALL, TX 75670 |
| Phone: | (903) 938-2311 |
| Fax: | (903) 935-0175 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,389 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5686 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,928,209 |
| CEO/Manager: | BEVERLY J BENNETT |
| Chairperson: | BRADLEY M SKINNER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 406,193 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,145,360 |
| Other Loans | 8,888,878 |
| TOTAL LOANS | 10,034,238 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,282 |
| Land And Building | 13,130 |
| Other Fixed Assets | 1,853 |
| NCUSIF Deposit | 112,222 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,928,209 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 84,432 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 97,160 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,929,529 |
| All Other Shares & Deposits | 5,934,327 |
| TOTAL SHARES & DEPOSITS | 10,863,857 |
| TOTAL LIABILITIES | 11,045,449 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,882,760 |
| TOTAL EQUITY | 2,882,760 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,928,209 |
| INCOME & EXPENSE | |
| Loan Income | 558,477 |
| Investment Income | 158,238 |
| Other Income | 38 |
| Total Employee Compensation & Benefits | 261,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 111,652 |
| Non-operating Income & (Expense) | 18,318 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,610 |
| Cost of Funds | 242,893 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 67,416 |
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