Sep, 30, 2025 — 1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANGELO, TX with 11 branch locations and about $408.49 million in total assets. Opened 73 years ago in 1953, 1ST COMMUNITY FEDERAL CREDIT UNION has about 23,746 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3505 Wildewood Dr SAN ANGELO, TX 76904 |
| Phone: | (325) 653-1465 |
| Fax: | (325) 947-2481 |
| Website: | https://www.1cfcu.org |
| Branches: | 11 branch locations |
| Members: | 23,746 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8715 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $408,489,279 |
| CEO/Manager: | Bill D Nikolauk |
| Chairperson: | Robert Brewer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,829,740 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,375,158 |
| Unsecured Loans | 23,022,802 |
| Other Loans | 170,869,364 |
| TOTAL LOANS | 283,313,303 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,290,842 |
| Land And Building | 9,734,913 |
| Other Fixed Assets | 1,434,680 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,231,070 |
| All Other Assets | 1,222,263 |
| TOTAL ASSETS | 408,489,279 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,633,154 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
| Share Drafts | 82,203,025 |
| Regular shares | 143,556,460 |
| All Other Shares & Deposits | 125,041,960 |
| TOTAL SHARES & DEPOSITS | 350,801,445 |
| TOTAL LIABILITIES | 366,434,611 |
| Regular Reserve | 0 |
| Other Reserves | -2,089,339 |
| Undivided Earnings | 44,144,007 |
| TOTAL EQUITY | 42,054,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 408,489,279 |
| INCOME & EXPENSE | |
| Loan Income | 14,003,102 |
| Investment Income | 2,286,609 |
| Other Income | 2,324,744 |
| Total Employee Compensation & Benefits | 5,510,967 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,155,962 |
| Non-operating Income & (Expense) | -1,005 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,280,000 |
| Cost of Funds | 3,990,073 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,074,366 |
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