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CITIZENS FEDERAL CREDIT UNION

Dec, 31, 2023 — CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 6 branch locations and about $190.48 million in total assets. Opened 69 years ago in 1955, CITIZENS FEDERAL CREDIT UNION has about 9,916 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)
701 E FM 700
BIG SPRING, TX 79720
Phone:(432) 267-6373
Fax:(432) 268-6120
Website:https://www.citizensfcu.com
Branches:6 branch locations
Members:9,916
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$190,477,602
CEO/Manager:Brandon Wooten
Chairperson:Leslie Williams

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,806,757
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,445,436
 Other Loans 111,867,847
 TOTAL LOANS 114,313,282
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -652,686
 Land And Building 1,917,382
 Other Fixed Assets 748,001
 NCUSIF Deposit 1,249,051
 All Other Assets 176,643
  TOTAL ASSETS 190,477,602
LIABILITIES & CAPITAL:  
 Dividends Payable 77,925
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 689,901
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 56,523,070
 Regular shares 59,172,434
 All Other Shares & Deposits 56,650,534
  TOTAL SHARES & DEPOSITS 172,346,039
  TOTAL LIABILITIES 173,113,865
 Regular Reserve 0
 Other Reserves -3,832,317
 Undivided Earnings 21,196,054
  TOTAL EQUITY 17,363,737
  TOTAL LIABILITIES, SHARES, & EQUITY 190,477,602
INCOME & EXPENSE  
 Loan Income 4,318,177
 Investment Income 3,608,830
 Other Income 1,133,692
 Total Employee Compensation & Benefits 2,157,014
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,850,267
 Non-operating Income & (Expense) 117,096
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 615,000
 Cost of Funds 2,942,232
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,022,679
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