Dec, 31, 2023 — CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 6 branch locations and about $190.48 million in total assets. Opened 69 years ago in 1955, CITIZENS FEDERAL CREDIT UNION has about 9,916 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CITIZENS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 701 E FM 700 BIG SPRING, TX 79720 |
Phone: | (432) 267-6373 |
Fax: | (432) 268-6120 |
Website: | https://www.citizensfcu.com |
Branches: | 6 branch locations |
Members: | 9,916 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10170 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $190,477,602 |
CEO/Manager: | Brandon Wooten |
Chairperson: | Leslie Williams |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 23,806,757 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,445,436 |
Other Loans | 111,867,847 |
TOTAL LOANS | 114,313,282 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -652,686 |
Land And Building | 1,917,382 |
Other Fixed Assets | 748,001 |
NCUSIF Deposit | 1,249,051 |
All Other Assets | 176,643 |
TOTAL ASSETS | 190,477,602 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 77,925 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 689,901 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 56,523,070 |
Regular shares | 59,172,434 |
All Other Shares & Deposits | 56,650,534 |
TOTAL SHARES & DEPOSITS | 172,346,039 |
TOTAL LIABILITIES | 173,113,865 |
Regular Reserve | 0 |
Other Reserves | -3,832,317 |
Undivided Earnings | 21,196,054 |
TOTAL EQUITY | 17,363,737 |
TOTAL LIABILITIES, SHARES, & EQUITY | 190,477,602 |
INCOME & EXPENSE | |
Loan Income | 4,318,177 |
Investment Income | 3,608,830 |
Other Income | 1,133,692 |
Total Employee Compensation & Benefits | 2,157,014 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,850,267 |
Non-operating Income & (Expense) | 117,096 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 615,000 |
Cost of Funds | 2,942,232 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,022,679 |
↑ Back to Top |