Dec, 31, 2022 — AMPLIFY CREDIT UNION is a federally insured state chartered credit union headquartered in Austin, TX with 5 branch locations and about $1.52 billion in total assets. Opened 56 years ago in 1967, AMPLIFY CREDIT UNION has about 57,338 members and employs 251 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) | PO BOX 85300 Austin, TX 78708 |
| Phone: | (512) 836-5901 |
| Fax: | |
| Website: | https://www.goamplify.com |
| Branches: | 5 branch locations |
| Members: | 57,338 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,521,758,979 |
| CEO/Manager: | Kendall Garrison |
| Chairperson: | Willie Everett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 66,163,076 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 105,441,739 |
| Real Estate Loans | 1,028,315,810 |
| Unsecured Loans | 14,901,065 |
| Other Loans | 88,222,705 |
| TOTAL LOANS | 1,134,199,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,681,813 |
| Land And Building | 13,219,904 |
| Other Fixed Assets | 4,973,639 |
| NCUSIF Deposit | 8,124,879 |
| All Other Assets | 14,739,887 |
| TOTAL ASSETS | 1,521,758,979 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 30 |
| Notes & Interest Payable | 311,500,000 |
| Accounts Payable & Other Liabilities | 50,873,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 271,449,787 |
| Regular shares | 413,821,761 |
| All Other Shares & Deposits | 364,284,255 |
| TOTAL SHARES & DEPOSITS | 1,049,555,803 |
| TOTAL LIABILITIES | 1,411,929,622 |
| Regular Reserve | 0 |
| Other Reserves | -15,158,589 |
| Undivided Earnings | 124,987,946 |
| TOTAL EQUITY | 109,829,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,521,758,979 |
| INCOME & EXPENSE | |
| Loan Income | 31,894,710 |
| Investment Income | 2,624,699 |
| Other Income | 4,768,707 |
| Total Employee Compensation & Benefits | 21,646,930 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,542,047 |
| Non-operating Income & (Expense) | 1,731,979 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -294,820 |
| Cost of Funds | 6,590,114 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,739,581 |
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