Dec, 31, 2023 — A+ FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 22 branch locations and about $2.62 billion in total assets. Opened 75 years ago in 1949, A+ FEDERAL CREDIT UNION has about 193,469 members and employs 545 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | A+ FEDERAL CREDIT UNION |
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Address: (Main Office) | 6420 E Highway 290 AUSTIN, TX 78723-1030 |
Phone: | (512) 302-6800 |
Fax: | (512) 459-1703 |
Website: | https://www.aplusfcu.org |
Branches: | 22 branch locations |
Members: | 193,469 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6178 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,622,698,530 |
CEO/Manager: | Eric R Kase |
Chairperson: | Craig Spinn |
ASSETS: | $ Amount |
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Cash & Equivalents | 199,566,733 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 788,500 |
Real Estate Loans | 1,192,760,870 |
Unsecured Loans | 113,520,555 |
Other Loans | 972,283,392 |
TOTAL LOANS | 2,278,830,755 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,039,789 |
Land And Building | 47,384,667 |
Other Fixed Assets | 1,780,490 |
NCUSIF Deposit | 19,890,792 |
All Other Assets | 4,459,519 |
TOTAL ASSETS | 2,622,698,530 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 250,000,000 |
Accounts Payable & Other Liabilities | 44,360,700 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 454,830,951 |
Regular shares | 849,769,832 |
All Other Shares & Deposits | 724,718,507 |
TOTAL SHARES & DEPOSITS | 2,029,319,291 |
TOTAL LIABILITIES | 2,323,679,991 |
Regular Reserve | 0 |
Other Reserves | -1,053,633 |
Undivided Earnings | 300,072,172 |
TOTAL EQUITY | 299,018,539 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,622,698,530 |
INCOME & EXPENSE | |
Loan Income | 124,530,356 |
Investment Income | 4,555,068 |
Other Income | 11,923,526 |
Total Employee Compensation & Benefits | 50,812,780 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,122,721 |
Non-operating Income & (Expense) | 2,601,135 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,907,543 |
Cost of Funds | 26,465,576 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 36,895,168 |
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