Jun, 30, 2024 — AUSTIN FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 1 branch location and about $41.80 million in total assets. Opened 57 years ago in 1967, AUSTIN FEDERAL CREDIT UNION has about 2,664 members and employs 8 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: | https://www.austinfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,664 |
| 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: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,802,561 |
| CEO/Manager: | Melinda J Bayer |
| Chairperson: | Kenneth E Shick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,625,933 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,374,534 |
| Unsecured Loans | 780,699 |
| Other Loans | 18,104,251 |
| TOTAL LOANS | 20,293,943 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,776 |
| Land And Building | 1,563,870 |
| Other Fixed Assets | 149,324 |
| NCUSIF Deposit | 345,753 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,802,561 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 59 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,008 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,747,782 |
| Regular shares | 24,722,242 |
| All Other Shares & Deposits | 1,782,173 |
| TOTAL SHARES & DEPOSITS | 39,252,197 |
| TOTAL LIABILITIES | 39,256,264 |
| Regular Reserve | 0 |
| Other Reserves | 821,990 |
| Undivided Earnings | 1,724,307 |
| TOTAL EQUITY | 2,546,297 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,802,561 |
| INCOME & EXPENSE | |
| Loan Income | 434,133 |
| Investment Income | 98,326 |
| Other Income | 198,722 |
| Total Employee Compensation & Benefits | 319,667 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 502,643 |
| Non-operating Income & (Expense) | 43,031 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,000 |
| Cost of Funds | 13,293 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -43,305 |
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