Dec, 31, 2023 — AUSTIN FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 1 branch location and about $37.91 million in total assets. Opened 57 years ago in 1967, AUSTIN FEDERAL CREDIT UNION has about 2,634 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AUSTIN FEDERAL CREDIT UNION |
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Address: (Main Office) | 1900 Woodward St AUSTIN, TX 78741 |
Phone: | (512) 444-6419 |
Fax: | (512) 444-6474 |
Website: | https://www.austinfcu.com |
Branches: | 1 branch locations |
Members: | 2,634 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17955 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,914,299 |
CEO/Manager: | Melinda J Bayer |
Chairperson: | Kenneth E Shick |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,772,272 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,525,612 |
Unsecured Loans | 828,746 |
Other Loans | 20,509,738 |
TOTAL LOANS | 23,894,674 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,437 |
Land And Building | 1,534,016 |
Other Fixed Assets | 137,667 |
NCUSIF Deposit | 359,390 |
All Other Assets | 0 |
TOTAL ASSETS | 37,914,299 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 94 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 559,376 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,620,122 |
Regular shares | 21,443,301 |
All Other Shares & Deposits | 1,355,766 |
TOTAL SHARES & DEPOSITS | 34,419,189 |
TOTAL LIABILITIES | 34,978,659 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,935,640 |
TOTAL EQUITY | 2,935,640 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,914,299 |
INCOME & EXPENSE | |
Loan Income | 949,117 |
Investment Income | 498,681 |
Other Income | 249,902 |
Total Employee Compensation & Benefits | 488,288 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 751,817 |
Non-operating Income & (Expense) | 4,034 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 108,532 |
Cost of Funds | 12,611 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 387,968 |
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» See also Statement of Financial Condition