Dec, 31, 2023 — ALLIED FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON, TX with 3 branch locations and about $133.18 million in total assets. Opened 59 years ago in 1965, ALLIED FEDERAL CREDIT UNION has about 8,228 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLIED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 SE GREEN OAKS BLVD ARLINGTON, TX 76018-1642 |
| Phone: | (817) 856-4444 |
| Fax: | (817) 265-9442 |
| Website: | https://www.alliedfcu.com/ |
| Branches: | 3 branch locations |
| Members: | 8,228 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17100 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $133,182,624 |
| CEO/Manager: | Tonia R Clark |
| Chairperson: | Glenn C Clingenpeel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,016,501 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,256,513 |
| Unsecured Loans | 4,001,976 |
| Other Loans | 34,160,260 |
| TOTAL LOANS | 50,418,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -344,314 |
| Land And Building | 3,748,579 |
| Other Fixed Assets | 157,380 |
| NCUSIF Deposit | 1,201,049 |
| All Other Assets | 41,385 |
| TOTAL ASSETS | 133,182,624 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,750,438 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,244,677 |
| Regular shares | 62,336,936 |
| All Other Shares & Deposits | 22,089,235 |
| TOTAL SHARES & DEPOSITS | 120,670,848 |
| TOTAL LIABILITIES | 122,421,286 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,761,338 |
| TOTAL EQUITY | 10,761,338 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 133,182,624 |
| INCOME & EXPENSE | |
| Loan Income | 2,504,632 |
| Investment Income | 1,143,778 |
| Other Income | 851,239 |
| Total Employee Compensation & Benefits | 1,826,624 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,355,044 |
| Non-operating Income & (Expense) | 527 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 193,525 |
| Cost of Funds | 104,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,064,218 |
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