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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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