Dec, 31, 2023 — TEXARKANA TERMINAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 2 branch locations and about $12.85 million in total assets. Opened 76 years ago in 1948, TEXARKANA TERMINAL EMPLOYEES FEDERAL CREDIT UNION has about 1,313 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXARKANA TERMINAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3801 TEXAS BLVD TEXARKANA, TX 75503 |
| Phone: | (903) 794-8216 |
| Fax: | (903) 792-0882 |
| Website: | https://www.texarkanaterminalfcu.com |
| Branches: | 2 branch locations |
| Members: | 1,313 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5822 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,848,804 |
| CEO/Manager: | Ronda Nichols |
| Chairperson: | JIMMY MINTER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 924,634 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 660,010 |
| Other Loans | 7,978,906 |
| TOTAL LOANS | 8,638,916 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,852 |
| Land And Building | 484,095 |
| Other Fixed Assets | 40,321 |
| NCUSIF Deposit | 119,400 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,848,804 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 76,635 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 687,589 |
| Regular shares | 6,636,568 |
| All Other Shares & Deposits | 4,328,321 |
| TOTAL SHARES & DEPOSITS | 11,652,478 |
| TOTAL LIABILITIES | 11,729,113 |
| Regular Reserve | 0 |
| Other Reserves | 244,568 |
| Undivided Earnings | 875,123 |
| TOTAL EQUITY | 1,119,691 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,848,804 |
| INCOME & EXPENSE | |
| Loan Income | 637,588 |
| Investment Income | 45,988 |
| Other Income | 51,946 |
| Total Employee Compensation & Benefits | 302,573 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 370,807 |
| Non-operating Income & (Expense) | 45,029 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,432 |
| Cost of Funds | 113,717 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -99,978 |
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