Sep, 30, 2025 — CANNON FEDERAL CREDIT UNION is a federal credit union headquartered in CLOVIS, NM with 2 branch locations and about $97.80 million in total assets. Opened 74 years ago in 1952, CANNON FEDERAL CREDIT UNION has about 9,350 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANNON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4205 N Prince St CLOVIS, NM 88101 |
| Phone: | (575) 791-3353 |
| Fax: | (575) 791-5287 |
| Website: | https://www.cannonfcu.org |
| Branches: | 2 branch locations |
| Members: | 9,350 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7822 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,799,931 |
| CEO/Manager: | Heather Fowler |
| Chairperson: | George Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,940,583 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 366,702 |
| Unsecured Loans | 5,391,542 |
| Other Loans | 47,480,248 |
| TOTAL LOANS | 53,238,492 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -166,985 |
| Land And Building | 2,693,728 |
| Other Fixed Assets | 145,153 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 848,928 |
| All Other Assets | 60,842 |
| TOTAL ASSETS | 97,799,931 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 286,312 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,356,079 |
| Regular shares | 51,922,393 |
| All Other Shares & Deposits | 7,104,063 |
| TOTAL SHARES & DEPOSITS | 84,382,534 |
| TOTAL LIABILITIES | 84,668,846 |
| Regular Reserve | 0 |
| Other Reserves | 880,106 |
| Undivided Earnings | 12,250,979 |
| TOTAL EQUITY | 13,131,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,799,931 |
| INCOME & EXPENSE | |
| Loan Income | 2,745,362 |
| Investment Income | 1,059,303 |
| Other Income | 402,623 |
| Total Employee Compensation & Benefits | 1,308,271 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,850,544 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,000 |
| Cost of Funds | 153,017 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,284,834 |
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