Dec, 31, 2021 — A+ FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 22 branch locations and about $2.42 billion in total assets. Opened 73 years ago in 1949, A+ FEDERAL CREDIT UNION has about 180,499 members and employs 498 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A+ FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6420 E Highway 290 AUSTIN, TX 78723-1030 |
| Phone: | (512) 302-6800 |
| Fax: | (512) 459-1703 |
| Website: | https://www.aplusfcu.org |
| Branches: | 22 branch locations |
| Members: | 180,499 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6178 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,415,582,929 |
| CEO/Manager: | Eric Kase |
| Chairperson: | Craig Spinn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 229,531,202 |
| TOTAL INVESTMENTS | 57,759,977 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 865,791,940 |
| Unsecured Loans | 83,546,524 |
| Other Loans | 1,006,231,207 |
| TOTAL LOANS | 1,955,569,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,638,641 |
| Land And Building | 49,463,956 |
| Other Fixed Assets | 2,780,002 |
| NCUSIF Deposit | 17,856,657 |
| All Other Assets | 111,260,105 |
| TOTAL ASSETS | 2,415,582,929 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 105,143,288 |
| Accounts Payable & Other Liabilities | 20,151,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 465,993,553 |
| Regular shares | 943,477,744 |
| All Other Shares & Deposits | 648,614,007 |
| TOTAL SHARES & DEPOSITS | 2,058,085,304 |
| TOTAL LIABILITIES | 2,183,380,246 |
| Regular Reserve | 10,659,221 |
| Other Reserves | 742,982 |
| Undivided Earnings | 220,800,480 |
| TOTAL EQUITY | 232,202,683 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,415,582,929 |
| INCOME & EXPENSE | |
| Loan Income | 82,935,204 |
| Investment Income | 1,311,139 |
| Other Income | 11,321,637 |
| Total Employee Compensation & Benefits | 38,498,641 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,415,815 |
| Non-operating Income & (Expense) | 12,424 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,965,000 |
| Cost of Funds | 9,177,655 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,341,938 |
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