Dec, 31, 2023 — FAMILY 1ST OF TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $22.53 million in total assets. Opened 89 years ago in 1935, FAMILY 1ST OF TEXAS FEDERAL CREDIT UNION has about 1,360 members and employs 6 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: | https://www.family1stfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,360 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,526,030 |
| CEO/Manager: | Sandra Szymanski |
| Chairperson: | Craig Wilborn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,049,808 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,574,383 |
| Unsecured Loans | 2,005,598 |
| Other Loans | 7,080,897 |
| TOTAL LOANS | 19,660,878 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,406 |
| Land And Building | 414,676 |
| Other Fixed Assets | 43,963 |
| NCUSIF Deposit | 219,206 |
| All Other Assets | 942,496 |
| TOTAL ASSETS | 22,526,030 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 148,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,653,258 |
| Regular shares | 7,333,097 |
| All Other Shares & Deposits | 11,822,136 |
| TOTAL SHARES & DEPOSITS | 20,808,491 |
| TOTAL LIABILITIES | 20,958,382 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,567,648 |
| TOTAL EQUITY | 1,567,648 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,526,030 |
| INCOME & EXPENSE | |
| Loan Income | 1,260,953 |
| Investment Income | 11,917 |
| Other Income | 157,023 |
| Total Employee Compensation & Benefits | 476,246 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 710,312 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,943 |
| Cost of Funds | 398,606 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -122,193 |
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