Dec, 31, 2023 — TEXAS DOW EMPLOYEES CREDIT UNION (TDECU) is a federally insured state chartered credit union headquartered in LAKE JACKSON, TX with 35 branch locations and about $4.67 billion in total assets. Opened 70 years ago in 1954, TEXAS DOW EMPLOYEES CREDIT UNION (TDECU) has about 385,822 members and employs 876 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXAS DOW EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1001 FM 2004 Rd LAKE JACKSON, TX 77566 |
Phone: | (979) 297-1154 |
Fax: | (979) 299-1462 |
Website: | https://www.tdecu.org |
Branches: | 35 branch locations |
Members: | 385,822 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60705 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,674,360,790 |
CEO/Manager: | Isaac Johnson |
Chairperson: | David Sikora |
ASSETS: | $ Amount |
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Cash & Equivalents | 242,407,814 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,041,255,210 |
Unsecured Loans | 614,545,416 |
Other Loans | 1,586,944,519 |
TOTAL LOANS | 4,242,936,053 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,056,208 |
Land And Building | 45,455,367 |
Other Fixed Assets | 19,425,978 |
NCUSIF Deposit | 36,822,765 |
All Other Assets | 3,759,983 |
TOTAL ASSETS | 4,674,360,790 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 309,973,900 |
Accounts Payable & Other Liabilities | 88,401,729 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 934,837,188 |
Regular shares | 1,239,181,843 |
All Other Shares & Deposits | 1,636,552,273 |
TOTAL SHARES & DEPOSITS | 3,810,571,304 |
TOTAL LIABILITIES | 4,208,946,933 |
Regular Reserve | 0 |
Other Reserves | 5,814,274 |
Undivided Earnings | 459,599,583 |
TOTAL EQUITY | 465,413,857 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,674,360,790 |
INCOME & EXPENSE | |
Loan Income | 247,579,444 |
Investment Income | 9,297,680 |
Other Income | 34,375,311 |
Total Employee Compensation & Benefits | 100,864,090 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 117,909,431 |
Non-operating Income & (Expense) | -144,857 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,340,576 |
Cost of Funds | 55,298,275 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 32,895,214 |
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