Dec, 31, 2023 — FRIONA TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in FRIONA, TX with 1 branch location and about $15.63 million in total assets. Opened 70 years ago in 1954, FRIONA TEXAS FEDERAL CREDIT UNION has about 1,631 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FRIONA TEXAS FEDERAL CREDIT UNION |
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Address: (Main Office) | 801 Austin Ave FRIONA, TX 79035 |
Phone: | (806) 250-2736 |
Fax: | (806) 250-3501 |
Website: | https://www.frionacu.com |
Branches: | 1 branch locations |
Members: | 1,631 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9843 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,628,235 |
CEO/Manager: | Juan J Tafoya |
Chairperson: | Dianna Wright |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,052,095 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 819,824 |
Unsecured Loans | 588,324 |
Other Loans | 5,763,472 |
TOTAL LOANS | 7,171,620 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,728 |
Land And Building | 561,866 |
Other Fixed Assets | 32,477 |
NCUSIF Deposit | 141,673 |
All Other Assets | 0 |
TOTAL ASSETS | 15,628,235 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,459 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -86,946 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,347,301 |
Regular shares | 8,246,966 |
All Other Shares & Deposits | 3,219,361 |
TOTAL SHARES & DEPOSITS | 12,813,628 |
TOTAL LIABILITIES | 12,739,141 |
Regular Reserve | 0 |
Other Reserves | 45,000 |
Undivided Earnings | 2,844,094 |
TOTAL EQUITY | 2,889,094 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,628,235 |
INCOME & EXPENSE | |
Loan Income | 573,738 |
Investment Income | 258,695 |
Other Income | 125,212 |
Total Employee Compensation & Benefits | 273,870 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 307,658 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 110,133 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 277,569 |
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