Dec, 31, 2023 — 1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANGELO, TX with 9 branch locations and about $382.43 million in total assets. Opened 71 years ago in 1953, 1ST COMMUNITY FEDERAL CREDIT UNION has about 23,483 members and employs 100 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3505 Wildewood Dr SAN ANGELO, TX 76904 |
| Phone: | (325) 653-1465 |
| Fax: | (325) 947-2481 |
| Website: | https://www.1cfcu.org |
| Branches: | 9 branch locations |
| Members: | 23,483 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8715 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $382,432,591 |
| CEO/Manager: | Bill D Nikolauk |
| Chairperson: | Robert Brewer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,848,361 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,400,936 |
| Unsecured Loans | 23,686,624 |
| Other Loans | 191,817,466 |
| TOTAL LOANS | 284,016,672 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,202,870 |
| Land And Building | 9,187,681 |
| Other Fixed Assets | 1,202,940 |
| NCUSIF Deposit | 3,053,397 |
| All Other Assets | 905,867 |
| TOTAL ASSETS | 382,432,591 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 7,171,947 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
| Share Drafts | 79,230,306 |
| Regular shares | 135,366,172 |
| All Other Shares & Deposits | 112,652,573 |
| TOTAL SHARES & DEPOSITS | 327,249,050 |
| TOTAL LIABILITIES | 349,420,997 |
| Regular Reserve | 0 |
| Other Reserves | -3,890,478 |
| Undivided Earnings | 36,902,072 |
| TOTAL EQUITY | 33,011,594 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 382,432,591 |
| INCOME & EXPENSE | |
| Loan Income | 15,076,270 |
| Investment Income | 1,394,900 |
| Other Income | 2,882,113 |
| Total Employee Compensation & Benefits | 6,451,061 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,387,063 |
| Non-operating Income & (Expense) | 47,425 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,770,000 |
| Cost of Funds | 2,483,556 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,094,414 |
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