Dec, 31, 2023 — TEXAS TRUST CREDIT UNION is a federally insured state chartered credit union headquartered in ARLINGTON, TX with 20 branch locations and about $2.03 billion in total assets. Opened 88 years ago in 1936, TEXAS TRUST CREDIT UNION has about 137,010 members and employs 317 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 TRUST CREDIT UNION |
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Address: (Main Office) | 5850 W Interstate 20 ARLINGTON, TX 76017 |
Phone: | (972) 263-5171 |
Fax: | |
Website: | https://www.texastrustcu.org |
Branches: | 20 branch locations |
Members: | 137,010 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68434 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,025,242,978 |
CEO/Manager: | Jim Minge |
Chairperson: | Larry Skinner |
ASSETS: | $ Amount |
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Cash & Equivalents | 119,540,268 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 574,382,974 |
Unsecured Loans | 91,949,470 |
Other Loans | 876,779,493 |
TOTAL LOANS | 1,544,575,055 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,027,825 |
Land And Building | 55,020,756 |
Other Fixed Assets | 9,766,318 |
NCUSIF Deposit | 14,421,136 |
All Other Assets | 494,581 |
TOTAL ASSETS | 2,025,242,978 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,375,098 |
Notes & Interest Payable | 290,744,795 |
Accounts Payable & Other Liabilities | 23,495,057 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 474,925,480 |
Regular shares | 490,441,019 |
All Other Shares & Deposits | 580,388,005 |
TOTAL SHARES & DEPOSITS | 1,545,754,505 |
TOTAL LIABILITIES | 1,862,544,028 |
Regular Reserve | 0 |
Other Reserves | 156,290,025 |
Undivided Earnings | 6,408,925 |
TOTAL EQUITY | 162,698,950 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,025,242,978 |
INCOME & EXPENSE | |
Loan Income | 62,221,487 |
Investment Income | 9,503,036 |
Other Income | 12,703,192 |
Total Employee Compensation & Benefits | 25,748,201 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 28,582,122 |
Non-operating Income & (Expense) | 446,950 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,551,861 |
Cost of Funds | 30,710,885 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,259,071 |
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