Dec, 31, 2021 — AUSTIN FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 1 branch location and about $38.20 million in total assets. Opened 55 years ago in 1967, AUSTIN FEDERAL CREDIT UNION has about 2,631 members and employs 7 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 |
|---|---|
| Address: (Main Office) | 1900 Woodward St AUSTIN, TX 78741 |
| Phone: | (512) 444-6419 |
| Fax: | (512) 444-6474 |
| Website: | http://www.austinfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,631 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17955 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,200,056 |
| CEO/Manager: | Melinda J Bayer |
| Chairperson: | Kenneth E Shick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,827,837 |
| TOTAL INVESTMENTS | 11,502,658 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,744,745 |
| Unsecured Loans | 682,422 |
| Other Loans | 13,048,900 |
| TOTAL LOANS | 15,512,803 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,435 |
| Land And Building | 1,581,782 |
| Other Fixed Assets | 155,863 |
| NCUSIF Deposit | 313,287 |
| All Other Assets | 369,261 |
| TOTAL ASSETS | 38,200,056 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 311,929 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,977,510 |
| Regular shares | 23,561,490 |
| All Other Shares & Deposits | 1,761,635 |
| TOTAL SHARES & DEPOSITS | 35,300,635 |
| TOTAL LIABILITIES | 35,612,608 |
| Regular Reserve | 821,990 |
| Other Reserves | 0 |
| Undivided Earnings | 1,765,458 |
| TOTAL EQUITY | 2,587,448 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,200,056 |
| INCOME & EXPENSE | |
| Loan Income | 682,795 |
| Investment Income | 26,888 |
| Other Income | 239,296 |
| Total Employee Compensation & Benefits | 371,183 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 648,818 |
| Non-operating Income & (Expense) | 142,189 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,000 |
| Cost of Funds | 20,219 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 66,455 |
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