Dec, 31, 2023 — CITY FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 2 branch locations and about $111.92 million in total assets. Opened 76 years ago in 1948, CITY FEDERAL CREDIT UNION has about 4,906 members and employs 16 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 |
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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: | 4,906 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5665 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $111,918,170 |
CEO/Manager: | Frank A Frazzitta |
Chairperson: | Marcus Lusk |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,795,838 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,896,660 |
Unsecured Loans | 45,890,270 |
Other Loans | 31,455,059 |
TOTAL LOANS | 91,276,474 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,409,803 |
Land And Building | 3,739,780 |
Other Fixed Assets | 504,429 |
NCUSIF Deposit | 883,814 |
All Other Assets | 978,723 |
TOTAL ASSETS | 111,918,170 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 29,771 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,468,301 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,505,000 |
Share Drafts | 7,287,494 |
Regular shares | 22,444,976 |
All Other Shares & Deposits | 64,127,349 |
TOTAL SHARES & DEPOSITS | 93,859,819 |
TOTAL LIABILITIES | 103,862,891 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,055,279 |
TOTAL EQUITY | 8,055,279 |
TOTAL LIABILITIES, SHARES, & EQUITY | 111,918,170 |
INCOME & EXPENSE | |
Loan Income | 5,810,590 |
Investment Income | 282,002 |
Other Income | 395,581 |
Total Employee Compensation & Benefits | 1,767,424 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,129,117 |
Non-operating Income & (Expense) | 2,516,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 363,000 |
Cost of Funds | 2,237,508 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,502,259 |
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