Dec, 31, 2023 — CITY CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 5 branch locations and about $676.74 million in total assets. Opened 82 years ago in 1942, CITY CREDIT UNION has about 35,381 members and employs 112 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 7474 Ferguson Rd DALLAS, TX 75228 |
| Phone: | (214) 515-0100 |
| Fax: | (972) 708-8049 |
| Website: | https://www.citycu.org |
| Branches: | 5 branch locations |
| Members: | 35,381 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67669 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $676,735,804 |
| CEO/Manager: | Sharon W Moore |
| Chairperson: | Alan Richardson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 101,867,586 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 167,995,511 |
| Unsecured Loans | 34,019,098 |
| Other Loans | 185,940,624 |
| TOTAL LOANS | 387,955,233 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,663,411 |
| Land And Building | 10,440,369 |
| Other Fixed Assets | 758,729 |
| NCUSIF Deposit | 5,071,726 |
| All Other Assets | 702,694 |
| TOTAL ASSETS | 676,735,804 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,071,515 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 122,682,070 |
| Regular shares | 207,918,040 |
| All Other Shares & Deposits | 267,653,893 |
| TOTAL SHARES & DEPOSITS | 598,254,003 |
| TOTAL LIABILITIES | 609,351,021 |
| Regular Reserve | 0 |
| Other Reserves | -1,335,614 |
| Undivided Earnings | 68,720,397 |
| TOTAL EQUITY | 67,384,783 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 676,735,804 |
| INCOME & EXPENSE | |
| Loan Income | 22,056,604 |
| Investment Income | 4,867,111 |
| Other Income | 4,632,872 |
| Total Employee Compensation & Benefits | 11,120,371 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,248,275 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,447,867 |
| Cost of Funds | 7,258,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,535,236 |
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