Dec, 31, 2023 — CITY FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 2 branch locations and about $111.92 million in total assets. Opened 76 years ago in 1948, CITY FEDERAL CREDIT UNION has about 4,906 members and employs 16 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 S LINCOLN ST AMARILLO, TX 79101-3637 |
| Phone: | (806) 373-4313 |
| Fax: | (806) 373-9120 |
| Website: | https://cityfederalcu.com |
| Branches: | 2 branch locations |
| Members: | 4,906 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5665 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $111,918,170 |
| CEO/Manager: | Frank A Frazzitta |
| Chairperson: | Marcus Lusk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,795,838 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,896,660 |
| Unsecured Loans | 45,890,270 |
| Other Loans | 31,455,059 |
| TOTAL LOANS | 91,276,474 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,409,803 |
| Land And Building | 3,739,780 |
| Other Fixed Assets | 504,429 |
| NCUSIF Deposit | 883,814 |
| All Other Assets | 978,723 |
| TOTAL ASSETS | 111,918,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,771 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,468,301 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,505,000 |
| Share Drafts | 7,287,494 |
| Regular shares | 22,444,976 |
| All Other Shares & Deposits | 64,127,349 |
| TOTAL SHARES & DEPOSITS | 93,859,819 |
| TOTAL LIABILITIES | 103,862,891 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,055,279 |
| TOTAL EQUITY | 8,055,279 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,918,170 |
| INCOME & EXPENSE | |
| Loan Income | 5,810,590 |
| Investment Income | 282,002 |
| Other Income | 395,581 |
| Total Employee Compensation & Benefits | 1,767,424 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,129,117 |
| Non-operating Income & (Expense) | 2,516,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 363,000 |
| Cost of Funds | 2,237,508 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,502,259 |
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