Dec, 31, 2023 — AMERICA'S CREDIT UNION is a federally insured state chartered credit union headquartered in GARLAND, TX with 6 branch locations and about $390.41 million in total assets. Opened 90 years ago in 1934, AMERICA'S CREDIT UNION has about 31,274 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICA'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 2154 FOREST LN GARLAND, TX 75042 |
| Phone: | (972) 494-5328 |
| Fax: | (972) 494-0371 |
| Website: | https://www.americascu.org |
| Branches: | 6 branch locations |
| Members: | 31,274 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67470 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $390,407,296 |
| CEO/Manager: | Bert Beal |
| Chairperson: | CHRISTOPHER ENGLISH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,260,542 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 100,899,291 |
| Unsecured Loans | 14,737,257 |
| Other Loans | 152,642,423 |
| TOTAL LOANS | 268,278,971 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -993,628 |
| Land And Building | 10,821,945 |
| Other Fixed Assets | 1,372,664 |
| NCUSIF Deposit | 3,324,781 |
| All Other Assets | 378,688 |
| TOTAL ASSETS | 390,407,296 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,549,343 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 93,516,565 |
| Regular shares | 180,992,565 |
| All Other Shares & Deposits | 59,878,848 |
| TOTAL SHARES & DEPOSITS | 334,387,978 |
| TOTAL LIABILITIES | 337,937,321 |
| Regular Reserve | 0 |
| Other Reserves | 21,686,144 |
| Undivided Earnings | 30,783,831 |
| TOTAL EQUITY | 52,469,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 390,407,296 |
| INCOME & EXPENSE | |
| Loan Income | 12,512,575 |
| Investment Income | 4,662,339 |
| Other Income | 2,575,555 |
| Total Employee Compensation & Benefits | 10,830,278 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,948,259 |
| Non-operating Income & (Expense) | 20,787 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 764,550 |
| Cost of Funds | 1,162,440 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,539,744 |
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