Dec, 31, 2021 — FAMILY 1ST OF TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $19.08 million in total assets. Opened 87 years ago in 1935, FAMILY 1ST OF TEXAS FEDERAL CREDIT UNION has about 1,426 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY 1ST OF TEXAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3501 Western Center Blvd FORT WORTH, TX 76137 |
| Phone: | (817) 847-8992 |
| Fax: | (817) 847-0328 |
| Website: | http://www.family1stfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,426 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 678 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,078,435 |
| CEO/Manager: | Sandra Szymanski |
| Chairperson: | Richard North |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,120,826 |
| TOTAL INVESTMENTS | 509,095 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,825,134 |
| Unsecured Loans | 2,023,506 |
| Other Loans | 6,777,284 |
| TOTAL LOANS | 16,625,924 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,789 |
| Land And Building | 408,113 |
| Other Fixed Assets | 50,756 |
| NCUSIF Deposit | 136,646 |
| All Other Assets | 326,864 |
| TOTAL ASSETS | 19,078,435 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,636 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,186,492 |
| Regular shares | 8,272,211 |
| All Other Shares & Deposits | 6,752,543 |
| TOTAL SHARES & DEPOSITS | 17,211,246 |
| TOTAL LIABILITIES | 17,389,882 |
| Regular Reserve | 367,950 |
| Other Reserves | 0 |
| Undivided Earnings | 1,320,603 |
| TOTAL EQUITY | 1,688,553 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,078,435 |
| INCOME & EXPENSE | |
| Loan Income | 839,811 |
| Investment Income | 9,515 |
| Other Income | 175,627 |
| Total Employee Compensation & Benefits | 458,040 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 519,678 |
| Non-operating Income & (Expense) | -1,651 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,771 |
| Cost of Funds | 52,307 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 93,042 |
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