NORTH EAST TEXAS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.thenetcu.com for more information.
Dec, 31, 2023 — NORTH EAST TEXAS CREDIT UNION is a federally insured state chartered credit union headquartered in Lone Star, TX with 6 branch locations and about $196.60 million in total assets. Opened 76 years ago in 1948, NORTH EAST TEXAS CREDIT UNION has about 14,366 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH EAST TEXAS CREDIT UNION |
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Address: (Main Office) | P O Box 1480 Lone Star, TX 75668 |
Phone: | (903) 656-2576 |
Fax: | (903) 656-3458 |
Website: | https://www.thenetcu.com |
Branches: | 6 branch locations |
Members: | 14,366 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68432 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $196,598,673 |
CEO/Manager: | Kay Stewart |
Chairperson: | Deborah Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,378,037 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,574,204 |
Unsecured Loans | 1,223,669 |
Other Loans | 49,942,608 |
TOTAL LOANS | 89,740,481 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -629,135 |
Land And Building | 4,478,544 |
Other Fixed Assets | 448,316 |
NCUSIF Deposit | 1,659,790 |
All Other Assets | 0 |
TOTAL ASSETS | 196,598,673 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 587,000 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 45,836,101 |
Regular shares | 94,189,686 |
All Other Shares & Deposits | 40,792,658 |
TOTAL SHARES & DEPOSITS | 180,818,445 |
TOTAL LIABILITIES | 181,405,445 |
Regular Reserve | 0 |
Other Reserves | -6,171,346 |
Undivided Earnings | 21,364,574 |
TOTAL EQUITY | 15,193,228 |
TOTAL LIABILITIES, SHARES, & EQUITY | 196,598,673 |
INCOME & EXPENSE | |
Loan Income | 1,039,126 |
Investment Income | 270,973 |
Other Income | 464,644 |
Total Employee Compensation & Benefits | 911,368 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 982,953 |
Non-operating Income & (Expense) | 2,735 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 434 |
Cost of Funds | 108,882 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 372,056 |
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