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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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