Dec, 31, 2023 — AMARILLO COMMUNITY FEDERAL CREDIT UNION (ACFCU) is a federal credit union headquartered in AMARILLO, TX with 7 branch locations and about $346.89 million in total assets. Opened 79 years ago in 1945, AMARILLO COMMUNITY FEDERAL CREDIT UNION (ACFCU) has about 29,001 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMARILLO COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 6100 W Interstate 40 AMARILLO, TX 79106-2515 |
Phone: | (806) 358-7561 |
Fax: | (806) 358-6380 |
Website: | https://www.acfcu.org |
Branches: | 7 branch locations |
Members: | 29,001 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5168 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1945 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $346,893,971 |
CEO/Manager: | Scott Rose |
Chairperson: | Bob Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 42,258,405 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 74,455,222 |
Unsecured Loans | 10,729,128 |
Other Loans | 152,120,011 |
TOTAL LOANS | 237,304,361 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -784,724 |
Land And Building | 5,691,510 |
Other Fixed Assets | 7,520,029 |
NCUSIF Deposit | 2,831,487 |
All Other Assets | 132,125 |
TOTAL ASSETS | 346,893,971 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 491,868 |
Notes & Interest Payable | 34,000,000 |
Accounts Payable & Other Liabilities | -439,080 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,649,516 |
Regular shares | 103,032,386 |
All Other Shares & Deposits | 140,003,422 |
TOTAL SHARES & DEPOSITS | 290,685,324 |
TOTAL LIABILITIES | 324,738,112 |
Regular Reserve | 0 |
Other Reserves | -4,224,706 |
Undivided Earnings | 26,380,565 |
TOTAL EQUITY | 22,155,859 |
TOTAL LIABILITIES, SHARES, & EQUITY | 346,893,971 |
INCOME & EXPENSE | |
Loan Income | 11,089,843 |
Investment Income | 1,288,391 |
Other Income | 4,603,085 |
Total Employee Compensation & Benefits | 6,918,822 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,752,769 |
Non-operating Income & (Expense) | 73,975 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -58,675 |
Cost of Funds | 6,182,822 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 565,712 |
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