Dec, 31, 2020 — PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in Plainview, TX with 1 branch location and about $3.65 million in total assets. Opened 63 years ago in 1958, PLAINS FEDERAL CREDIT UNION has about 573 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLAINS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P. O. Box 670 Plainview, TX 79073 |
| Phone: | (806) 293-7091 |
| Fax: | (806) 293-2641 |
| Website: | http://www.plainsfcu.com |
| Branches: | 1 branch locations |
| Members: | 573 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12274 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Feb 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,646,487 |
| CEO/Manager: | Mickie J Gregory |
| Chairperson: | Caryl Owens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 432,672 |
| TOTAL INVESTMENTS | 350,937 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 62,100 |
| Other Loans | 2,723,743 |
| TOTAL LOANS | 2,785,843 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,000 |
| Land And Building | 37,785 |
| Other Fixed Assets | 6,303 |
| NCUSIF Deposit | 30,481 |
| All Other Assets | 12,466 |
| TOTAL ASSETS | 3,646,487 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,855 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,911 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,348,073 |
| All Other Shares & Deposits | 708,851 |
| TOTAL SHARES & DEPOSITS | 3,056,924 |
| TOTAL LIABILITIES | 3,078,690 |
| Regular Reserve | 148,377 |
| Other Reserves | 0 |
| Undivided Earnings | 419,420 |
| TOTAL EQUITY | 567,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,646,487 |
| INCOME & EXPENSE | |
| Loan Income | 154,277 |
| Investment Income | 7,289 |
| Other Income | 6,776 |
| Total Employee Compensation & Benefits | 98,307 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,023 |
| Non-operating Income & (Expense) | 17,368 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,446 |
| Cost of Funds | 15,215 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,719 |
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