Sep, 30, 2022 — CITY FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 2 branch locations and about $89.31 million in total assets. Opened 75 years ago in 1948, CITY FEDERAL CREDIT UNION has about 2,981 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 S LINCOLN ST AMARILLO, TX 79101-3637 |
| Phone: | (806) 373-4313 |
| Fax: | (806) 373-9120 |
| Website: | https://cityfederalcu.com |
| Branches: | 2 branch locations |
| Members: | 2,981 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5665 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $89,310,826 |
| CEO/Manager: | Frank A Frazzitta |
| Chairperson: | Marcus Lusk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,247,732 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,034,048 |
| Unsecured Loans | 27,057,244 |
| Other Loans | 32,832,985 |
| TOTAL LOANS | 74,962,264 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -474,511 |
| Land And Building | 3,806,934 |
| Other Fixed Assets | 511,832 |
| NCUSIF Deposit | 511,156 |
| All Other Assets | 52,779 |
| TOTAL ASSETS | 89,310,826 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,467 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,028,079 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,505,000 |
| Share Drafts | 6,758,644 |
| Regular shares | 25,539,563 |
| All Other Shares & Deposits | 41,986,391 |
| TOTAL SHARES & DEPOSITS | 74,284,598 |
| TOTAL LIABILITIES | 83,840,144 |
| Regular Reserve | 0 |
| Other Reserves | 640,292 |
| Undivided Earnings | 4,830,390 |
| TOTAL EQUITY | 5,470,682 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,310,826 |
| INCOME & EXPENSE | |
| Loan Income | 2,338,661 |
| Investment Income | 10,580 |
| Other Income | 334,533 |
| Total Employee Compensation & Benefits | 914,563 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 798,679 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,000 |
| Cost of Funds | 416,779 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 433,753 |
| ↑ Back to Top | |