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CITIZENS FEDERAL CREDIT UNION

Dec, 31, 2020 — CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 6 branch locations and about $165.21 million in total assets. Opened 66 years ago in 1955, CITIZENS FEDERAL CREDIT UNION has about 7,661 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311390140
Name:CITIZENS FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 425
BIG SPRING, TX 79721
Phone:(432) 267-6373
Fax:(432) 268-6120
Website:http://www.citizensfcu.com
Branches:6 branch locations
Members:7,661
Credit Union Type:Federal Credit Union
Charter Number:10170
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1955
Last Audited:Mar 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$165,205,015
CEO/Manager:Brandon Wooten
Chairperson:John Marshall

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,196,186
TOTAL INVESTMENTS 104,256,832
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,138,263
 Other Loans 41,090,009
 TOTAL LOANS 43,228,272
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -441,708
 Land And Building 2,465,550
 Other Fixed Assets 382,398
 NCUSIF Deposit 1,174,576
 All Other Assets 2,942,909
  TOTAL ASSETS 165,205,015
LIABILITIES & CAPITAL:  
 Dividends Payable 1,852
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 695,446
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 57,012,711
 Regular shares 51,264,504
 All Other Shares & Deposits 38,052,945
  TOTAL SHARES & DEPOSITS 146,330,160
  TOTAL LIABILITIES 147,027,458
 Regular Reserve 1,518,782
 Other Reserves 1,104,328
 Undivided Earnings 15,554,447
  TOTAL EQUITY 18,177,557
  TOTAL LIABILITIES, SHARES, & EQUITY 165,205,015
INCOME & EXPENSE  
 Loan Income 2,147,087
 Investment Income 1,716,686
 Other Income 1,955,637
 Total Employee Compensation & Benefits 2,219,548
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,014,859
 Non-operating Income & (Expense) 36,225
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 335,000
 Cost of Funds 505,129
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 781,099
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