Dec, 31, 2023 — FRIONA TEXAS FEDERAL CREDIT UNION is a federal credit union headquartered in FRIONA, TX with 1 branch location and about $15.63 million in total assets. Opened 70 years ago in 1954, FRIONA TEXAS FEDERAL CREDIT UNION has about 1,631 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRIONA TEXAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 801 Austin Ave FRIONA, TX 79035 |
| Phone: | (806) 250-2736 |
| Fax: | (806) 250-3501 |
| Website: | https://www.frionacu.com |
| Branches: | 1 branch locations |
| Members: | 1,631 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9843 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,628,235 |
| CEO/Manager: | Juan J Tafoya |
| Chairperson: | Dianna Wright |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,052,095 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 819,824 |
| Unsecured Loans | 588,324 |
| Other Loans | 5,763,472 |
| TOTAL LOANS | 7,171,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,728 |
| Land And Building | 561,866 |
| Other Fixed Assets | 32,477 |
| NCUSIF Deposit | 141,673 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,628,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,459 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -86,946 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,347,301 |
| Regular shares | 8,246,966 |
| All Other Shares & Deposits | 3,219,361 |
| TOTAL SHARES & DEPOSITS | 12,813,628 |
| TOTAL LIABILITIES | 12,739,141 |
| Regular Reserve | 0 |
| Other Reserves | 45,000 |
| Undivided Earnings | 2,844,094 |
| TOTAL EQUITY | 2,889,094 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,628,235 |
| INCOME & EXPENSE | |
| Loan Income | 573,738 |
| Investment Income | 258,695 |
| Other Income | 125,212 |
| Total Employee Compensation & Benefits | 273,870 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 307,658 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 110,133 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 277,569 |
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