Jun, 30, 2024 — AMERICA'S CREDIT UNION is a federally insured state chartered credit union headquartered in GARLAND, TX with 6 branch locations and about $413.88 million in total assets. Opened 91 years ago in 1934, AMERICA'S CREDIT UNION has about 31,744 members and employs 105 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: | 31,744 |
| 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: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $413,882,347 |
| CEO/Manager: | Bert Beal |
| Chairperson: | CHRISTOPHER ENGLISH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 108,589,274 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 87,255,536 |
| Unsecured Loans | 11,536,548 |
| Other Loans | 128,036,708 |
| TOTAL LOANS | 226,828,792 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -430,645 |
| Land And Building | 8,939,812 |
| Other Fixed Assets | 1,450,622 |
| NCUSIF Deposit | 3,471,222 |
| All Other Assets | 213,767 |
| TOTAL ASSETS | 413,882,347 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,579,893 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 100,053,421 |
| Regular shares | 211,552,925 |
| All Other Shares & Deposits | 50,647,315 |
| TOTAL SHARES & DEPOSITS | 362,253,661 |
| TOTAL LIABILITIES | 365,833,554 |
| Regular Reserve | 0 |
| Other Reserves | 21,686,173 |
| Undivided Earnings | 26,362,620 |
| TOTAL EQUITY | 48,048,793 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 413,882,347 |
| INCOME & EXPENSE | |
| Loan Income | 6,971,595 |
| Investment Income | 1,500,722 |
| Other Income | 1,970,779 |
| Total Employee Compensation & Benefits | 6,694,367 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,958,739 |
| Non-operating Income & (Expense) | -35,738 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 274,185 |
| Cost of Funds | 283,525 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,766,964 |
| ↑ Back to Top | |