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TEXOMA EDUCATORS FEDERAL CREDIT UNION

Dec, 31, 2023 — TEXOMA EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in SHERMAN, TX with 3 branch locations and about $127.76 million in total assets. Opened 67 years ago in 1957, TEXOMA EDUCATORS FEDERAL CREDIT UNION has about 8,495 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TEXOMA EDUCATORS FEDERAL CREDIT UNION
Address:
(Main Office)
506 W Lamar St
SHERMAN, TX 75090-5840
Phone:(903) 892-1505
Fax:(903) 892-0671
Website:https://www.texomaeducators.com
Branches:3 branch locations
Members:8,495
Credit Union Type:Federal Credit Union
Charter Number:11670
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1957
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$127,756,602
CEO/Manager:Louella K Williams
Chairperson:Greg Akins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,174,667
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 6,905,803
 Other Loans 47,802,310
 TOTAL LOANS 54,708,113
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -120,147
 Land And Building 893,051
 Other Fixed Assets 110,181
 NCUSIF Deposit 1,090,458
 All Other Assets 0
  TOTAL ASSETS 127,756,602
LIABILITIES & CAPITAL:  
 Dividends Payable 45,214
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,961,228
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,713,192
 Regular shares 62,158,936
 All Other Shares & Deposits 29,699,640
  TOTAL SHARES & DEPOSITS 109,571,768
  TOTAL LIABILITIES 111,578,210
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 16,178,392
  TOTAL EQUITY 16,178,392
  TOTAL LIABILITIES, SHARES, & EQUITY 127,756,602
INCOME & EXPENSE  
 Loan Income 2,590,451
 Investment Income 1,082,755
 Other Income 683,090
 Total Employee Compensation & Benefits 1,360,779
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,222,059
 Non-operating Income & (Expense) -1
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 54,300
 Cost of Funds 903,407
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 763,256
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