Dec, 31, 2023 — TRANS TEXAS SOUTHWEST CREDIT UNION is a federally insured state chartered credit union headquartered in SAN ANGELO, TX with 1 branch location and about $48.54 million in total assets. Opened 70 years ago in 1954, TRANS TEXAS SOUTHWEST CREDIT UNION has about 2,666 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANS TEXAS SOUTHWEST CREDIT UNION |
|---|---|
| Address: (Main Office) | 3401 Loop 306 SAN ANGELO, TX 76904 |
| Phone: | (325) 944-3184 |
| Fax: | (325) 944-1005 |
| Website: | https://www.transtexas.coop |
| Branches: | 1 branch locations |
| Members: | 2,666 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67835 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,543,705 |
| CEO/Manager: | Toni A Sudduth |
| Chairperson: | Vickie C Alves |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,574,236 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,043,759 |
| Unsecured Loans | 717,719 |
| Other Loans | 10,389,992 |
| TOTAL LOANS | 36,209,517 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,267 |
| Land And Building | 1,629,958 |
| Other Fixed Assets | 94,401 |
| NCUSIF Deposit | 380,391 |
| All Other Assets | 0 |
| TOTAL ASSETS | 48,543,705 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 123,097 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 88,722 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,253,036 |
| Regular shares | 13,391,311 |
| All Other Shares & Deposits | 21,679,008 |
| TOTAL SHARES & DEPOSITS | 42,323,355 |
| TOTAL LIABILITIES | 42,535,174 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,008,531 |
| TOTAL EQUITY | 6,008,531 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,543,705 |
| INCOME & EXPENSE | |
| Loan Income | 2,065,845 |
| Investment Income | 273,971 |
| Other Income | 145,929 |
| Total Employee Compensation & Benefits | 1,129,444 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 808,698 |
| Non-operating Income & (Expense) | -12,471 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,262 |
| Cost of Funds | 464,181 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 251,018 |
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