Dec, 31, 2023 — CY-FAIR FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 5 branch locations and about $335.86 million in total assets. Opened 68 years ago in 1956, CY-FAIR FEDERAL CREDIT UNION has about 24,974 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CY-FAIR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9601 Jones Rd HOUSTON, TX 77065 |
| Phone: | (281) 571-5000 |
| Fax: | (281) 955-3100 |
| Website: | https://www.cyfairfcu.org |
| Branches: | 5 branch locations |
| Members: | 24,974 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11452 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $335,858,144 |
| CEO/Manager: | Cameron Dickey |
| Chairperson: | Debbie Emery |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,815,964 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,996,778 |
| Unsecured Loans | 38,333,326 |
| Other Loans | 95,682,356 |
| TOTAL LOANS | 237,953,670 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,969,201 |
| Land And Building | 6,653,025 |
| Other Fixed Assets | 2,250,272 |
| NCUSIF Deposit | 3,025,866 |
| All Other Assets | 40,217 |
| TOTAL ASSETS | 335,858,144 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 352,270 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,039,076 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,757,572 |
| Regular shares | 146,847,489 |
| All Other Shares & Deposits | 81,204,934 |
| TOTAL SHARES & DEPOSITS | 304,809,995 |
| TOTAL LIABILITIES | 310,206,704 |
| Regular Reserve | 0 |
| Other Reserves | -6,235,798 |
| Undivided Earnings | 31,887,238 |
| TOTAL EQUITY | 25,651,440 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 335,858,144 |
| INCOME & EXPENSE | |
| Loan Income | 11,615,777 |
| Investment Income | 1,581,451 |
| Other Income | 2,896,096 |
| Total Employee Compensation & Benefits | 5,178,396 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,013,179 |
| Non-operating Income & (Expense) | 418,941 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,000,832 |
| Cost of Funds | 1,453,459 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,744,188 |
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