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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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