Dec, 31, 2023 — TEXAS PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 5 branch locations and about $50.55 million in total assets. Opened 84 years ago in 1940, TEXAS PLAINS FEDERAL CREDIT UNION has about 9,050 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXAS PLAINS FEDERAL CREDIT UNION |
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Address: (Main Office) | 804 S Madison St AMARILLO, TX 79101-3212 |
Phone: | (806) 373-6641 |
Fax: | (806) 373-2421 |
Website: | https://www.texasplainsfederal.org |
Branches: | 5 branch locations |
Members: | 9,050 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3828 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $50,550,701 |
CEO/Manager: | John M Knowles |
Chairperson: | Ray Box |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,578,081 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 435,779 |
Unsecured Loans | 2,821,520 |
Other Loans | 34,188,414 |
TOTAL LOANS | 37,445,713 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -359,344 |
Land And Building | 2,384,885 |
Other Fixed Assets | 65,549 |
NCUSIF Deposit | 439,415 |
All Other Assets | 34,735 |
TOTAL ASSETS | 50,550,701 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 313,796 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,893,977 |
Regular shares | 18,597,848 |
All Other Shares & Deposits | 16,434,470 |
TOTAL SHARES & DEPOSITS | 42,926,295 |
TOTAL LIABILITIES | 43,240,091 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,310,610 |
TOTAL EQUITY | 7,310,610 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,550,701 |
INCOME & EXPENSE | |
Loan Income | 2,492,143 |
Investment Income | 224,422 |
Other Income | 976,207 |
Total Employee Compensation & Benefits | 2,067,615 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,808,077 |
Non-operating Income & (Expense) | 2 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 176,561 |
Cost of Funds | 450,237 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 345,215 |
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» See also Statement of Financial Condition