Dec, 31, 2023 — AUSTIN TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 24 branch locations and about $2.48 billion in total assets. Opened 83 years ago in 1941, AUSTIN TELCO FEDERAL CREDIT UNION has about 92,341 members and employs 269 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AUSTIN TELCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 11149 Research Blvd AUSTIN, TX 78759 |
| Phone: | (512) 302-5555 |
| Fax: | |
| Website: | https://www.atfcu.org |
| Branches: | 24 branch locations |
| Members: | 92,341 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4584 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,476,849,632 |
| CEO/Manager: | Robert Hernandez |
| Chairperson: | David A Westlund |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,052,748 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 970,468,995 |
| Unsecured Loans | 11,755,939 |
| Other Loans | 731,223,258 |
| TOTAL LOANS | 1,713,448,189 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,280,301 |
| Land And Building | 48,263,762 |
| Other Fixed Assets | 3,306,722 |
| NCUSIF Deposit | 20,245,571 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,476,849,632 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 165,000,000 |
| Accounts Payable & Other Liabilities | 13,483,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 371,874,282 |
| Regular shares | 539,198,721 |
| All Other Shares & Deposits | 1,146,304,003 |
| TOTAL SHARES & DEPOSITS | 2,057,377,006 |
| TOTAL LIABILITIES | 2,235,860,490 |
| Regular Reserve | 0 |
| Other Reserves | -78,484,935 |
| Undivided Earnings | 319,474,077 |
| TOTAL EQUITY | 240,989,142 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,476,849,632 |
| INCOME & EXPENSE | |
| Loan Income | 66,626,622 |
| Investment Income | 11,462,249 |
| Other Income | 4,885,840 |
| Total Employee Compensation & Benefits | 20,546,622 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,895,260 |
| Non-operating Income & (Expense) | 1,312,917 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,312,802 |
| Cost of Funds | 35,780,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,662,245 |
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