Dec, 31, 2023 — FORT WORTH CITY CREDIT UNION is a federally insured state chartered credit union headquartered in FORT WORTH, TX with 1 branch location and about $300.48 million in total assets. Opened 95 years ago in 1929, FORT WORTH CITY CREDIT UNION has about 15,245 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT WORTH CITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2309 Montgomery St FORT WORTH, TX 76107-4520 |
| Phone: | (817) 732-2803 |
| Fax: | (817) 732-7524 |
| Website: | https://www.fwccu.org |
| Branches: | 1 branch locations |
| Members: | 15,245 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67532 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $300,482,439 |
| CEO/Manager: | Ron Fox |
| Chairperson: | Elsa Paniagua |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,184,630 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 86,298,750 |
| Unsecured Loans | 9,667,084 |
| Other Loans | 53,624,099 |
| TOTAL LOANS | 149,589,933 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -684,643 |
| Land And Building | 1,714,215 |
| Other Fixed Assets | 152,485 |
| NCUSIF Deposit | 2,501,077 |
| All Other Assets | 29,047 |
| TOTAL ASSETS | 300,482,439 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,660,276 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,508,047 |
| Regular shares | 155,144,668 |
| All Other Shares & Deposits | 50,893,539 |
| TOTAL SHARES & DEPOSITS | 264,546,255 |
| TOTAL LIABILITIES | 267,206,531 |
| Regular Reserve | 0 |
| Other Reserves | -2,207,503 |
| Undivided Earnings | 35,483,411 |
| TOTAL EQUITY | 33,275,908 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 300,482,439 |
| INCOME & EXPENSE | |
| Loan Income | 6,510,356 |
| Investment Income | 2,637,451 |
| Other Income | 1,093,724 |
| Total Employee Compensation & Benefits | 3,724,885 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,300,980 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 268,268 |
| Cost of Funds | 2,755,385 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,333,249 |
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