Dec, 31, 2021 — AMARILLO COMMUNITY FEDERAL CREDIT UNION (ACFCU) is a federal credit union headquartered in AMARILLO, TX with 7 branch locations and about $297.75 million in total assets. Opened 77 years ago in 1945, AMARILLO COMMUNITY FEDERAL CREDIT UNION (ACFCU) has about 39,745 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMARILLO COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6100 W Interstate 40 AMARILLO, TX 79106-2515 |
| Phone: | (806) 358-7561 |
| Fax: | (806) 358-6380 |
| Website: | http://www.acfcu.org |
| Branches: | 7 branch locations |
| Members: | 39,745 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5168 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $297,749,286 |
| CEO/Manager: | Scott Rose |
| Chairperson: | Bob Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,150,030 |
| TOTAL INVESTMENTS | 49,982,123 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,871,906 |
| Unsecured Loans | 5,609,663 |
| Other Loans | 161,838,442 |
| TOTAL LOANS | 215,320,011 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -217,004 |
| Land And Building | 6,110,336 |
| Other Fixed Assets | 1,661,072 |
| NCUSIF Deposit | 2,520,419 |
| All Other Assets | 18,222,299 |
| TOTAL ASSETS | 297,749,286 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 112,080 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,092,825 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,295,275 |
| Regular shares | 123,221,502 |
| All Other Shares & Deposits | 100,748,079 |
| TOTAL SHARES & DEPOSITS | 270,264,856 |
| TOTAL LIABILITIES | 273,469,761 |
| Regular Reserve | 2,038,845 |
| Other Reserves | -418,212 |
| Undivided Earnings | 22,658,892 |
| TOTAL EQUITY | 24,279,525 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 297,749,286 |
| INCOME & EXPENSE | |
| Loan Income | 7,158,402 |
| Investment Income | 481,445 |
| Other Income | 2,401,546 |
| Total Employee Compensation & Benefits | 5,264,083 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,371,307 |
| Non-operating Income & (Expense) | 604,396 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 73,076 |
| Cost of Funds | 1,355,009 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,888,655 |
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