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CITY FEDERAL CREDIT UNION

Jun, 30, 2021 — CITY FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 1 branch location and about $56.17 million in total assets. Opened 73 years ago in 1948, CITY FEDERAL CREDIT UNION has about 2,761 members and employs 12 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:http://cityfederalcu.com
Branches:1 branch locations
Members:2,761
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$56,168,308
CEO/Manager:Frank A Frazzitta
Chairperson:Matthew Langford

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,919,687
TOTAL INVESTMENTS 27,819
Loans Held for Sale 0
 
 Real Estate Loans 9,084,762
 Unsecured Loans 8,228,384
 Other Loans 25,278,483
 TOTAL LOANS 42,591,629
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -467,601
 Land And Building 2,945,561
 Other Fixed Assets 183,832
 NCUSIF Deposit 447,030
 All Other Assets 1,520,351
  TOTAL ASSETS 56,168,308
LIABILITIES & CAPITAL:  
 Dividends Payable 8,828
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 680,948
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,276,086
 Regular shares 22,947,544
 All Other Shares & Deposits 21,498,354
  TOTAL SHARES & DEPOSITS 50,721,984
  TOTAL LIABILITIES 51,411,760
 Regular Reserve 640,292
 Other Reserves 0
 Undivided Earnings 4,116,256
  TOTAL EQUITY 4,756,548
  TOTAL LIABILITIES, SHARES, & EQUITY 56,168,308
INCOME & EXPENSE  
 Loan Income 1,265,652
 Investment Income 2,350
 Other Income 123,922
 Total Employee Compensation & Benefits 438,691
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 342,345
 Non-operating Income & (Expense) 182
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 300,000
 Cost of Funds 214,926
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 164,620
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