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CANNON FEDERAL CREDIT UNION

Dec, 31, 2023 — CANNON FEDERAL CREDIT UNION is a federal credit union headquartered in CLOVIS, NM with 2 branch locations and about $100.27 million in total assets. Opened 72 years ago in 1952, CANNON FEDERAL CREDIT UNION has about 8,823 members and employs 23 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:8,823
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$100,272,283
CEO/Manager:Heather Fowler
Chairperson:George Jones

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,810,101
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 651,775
 Unsecured Loans 4,429,971
 Other Loans 44,900,668
 TOTAL LOANS 49,998,126
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -271,348
 Land And Building 2,802,891
 Other Fixed Assets 241,701
 NCUSIF Deposit 922,128
 All Other Assets 39,675
  TOTAL ASSETS 100,272,283
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 303,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,852,806
 Regular shares 55,470,248
 All Other Shares & Deposits 8,806,460
  TOTAL SHARES & DEPOSITS 90,129,515
  TOTAL LIABILITIES 90,432,702
 Regular Reserve 0
 Other Reserves 880,106
 Undivided Earnings 8,959,475
  TOTAL EQUITY 9,839,581
  TOTAL LIABILITIES, SHARES, & EQUITY 100,272,283
INCOME & EXPENSE  
 Loan Income 2,632,335
 Investment Income 1,796,934
 Other Income 481,804
 Total Employee Compensation & Benefits 1,217,906
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,024,089
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 150,000
 Cost of Funds 119,031
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,090,149
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