Dec, 31, 2023 — AMPLIFY CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 4 branch locations and about $1.42 billion in total assets. Opened 57 years ago in 1967, AMPLIFY CREDIT UNION has about 51,990 members and employs 206 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMPLIFY CREDIT UNION |
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Address: (Main Office) | 3600 W Parmer Ln AUSTIN, TX 78727 |
Phone: | (512) 836-5901 |
Fax: | |
Website: | https://www.goamplify.com |
Branches: | 4 branch locations |
Members: | 51,990 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68681 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,420,947,795 |
CEO/Manager: | Kendall Garrison |
Chairperson: | Kendel Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 78,724,406 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 11,568,837 |
Real Estate Loans | 1,002,720,962 |
Unsecured Loans | 17,803,710 |
Other Loans | 70,405,270 |
TOTAL LOANS | 1,093,565,468 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,037,671 |
Land And Building | 13,050,043 |
Other Fixed Assets | 4,105,602 |
NCUSIF Deposit | 9,029,641 |
All Other Assets | 8,237,707 |
TOTAL ASSETS | 1,420,947,795 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,821 |
Notes & Interest Payable | 240,500,000 |
Accounts Payable & Other Liabilities | 35,015,842 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 242,491,486 |
Regular shares | 322,337,273 |
All Other Shares & Deposits | 458,121,935 |
TOTAL SHARES & DEPOSITS | 1,022,950,694 |
TOTAL LIABILITIES | 1,298,474,357 |
Regular Reserve | 0 |
Other Reserves | -9,013,404 |
Undivided Earnings | 131,486,842 |
TOTAL EQUITY | 122,473,438 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,420,947,795 |
INCOME & EXPENSE | |
Loan Income | 53,101,896 |
Investment Income | 15,205,408 |
Other Income | 1,509,711 |
Total Employee Compensation & Benefits | 25,664,277 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,322,293 |
Non-operating Income & (Expense) | 109,073 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -925,777 |
Cost of Funds | 31,199,166 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,722,051 |
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» See also Statement of Financial Condition