Dec, 31, 2023 — THE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 5 branch locations and about $205.73 million in total assets. Opened 71 years ago in 1953, THE PEOPLE'S FEDERAL CREDIT UNION has about 22,107 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE PEOPLE'S FEDERAL CREDIT UNION |
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Address: (Main Office) | 7200 Hillside Rd AMARILLO, TX 79109-7460 |
Phone: | (806) 359-8571 |
Fax: | (806) 242-1137 |
Website: | https://www.tpfcu.com |
Branches: | 5 branch locations |
Members: | 22,107 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8290 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $205,728,235 |
CEO/Manager: | Arthur V Hornell, Jr. |
Chairperson: | Christie Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,013,488 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,620,155 |
Unsecured Loans | 6,242,065 |
Other Loans | 109,561,708 |
TOTAL LOANS | 133,869,583 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,062,899 |
Land And Building | 5,584,872 |
Other Fixed Assets | 506,678 |
NCUSIF Deposit | 1,889,921 |
All Other Assets | 853 |
TOTAL ASSETS | 205,728,235 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 267,658 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,035,845 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 51,228,868 |
Regular shares | 107,996,575 |
All Other Shares & Deposits | 32,084,526 |
TOTAL SHARES & DEPOSITS | 191,309,969 |
TOTAL LIABILITIES | 192,613,472 |
Regular Reserve | 0 |
Other Reserves | -3,175,406 |
Undivided Earnings | 16,290,169 |
TOTAL EQUITY | 13,114,763 |
TOTAL LIABILITIES, SHARES, & EQUITY | 205,728,235 |
INCOME & EXPENSE | |
Loan Income | 6,114,851 |
Investment Income | 905,496 |
Other Income | 1,207,377 |
Total Employee Compensation & Benefits | 3,900,265 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,857,183 |
Non-operating Income & (Expense) | 487,316 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 316,292 |
Cost of Funds | 956,111 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 752,369 |
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