Dec, 31, 2023 — PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in PLAINVIEW, TX with 1 branch location and about $3.40 million in total assets. Opened 66 years ago in 1958, PLAINS FEDERAL CREDIT UNION has about 482 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLAINS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 209 W 4th St PLAINVIEW, TX 79072 |
| Phone: | (806) 293-7091 |
| Fax: | (806) 293-2641 |
| Website: | https://www.plainsfcu.com |
| Branches: | 1 branch locations |
| Members: | 482 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12274 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,403,692 |
| CEO/Manager: | Mickie J Gregory |
| Chairperson: | Caryl Owens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 251,528 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 40,431 |
| Other Loans | 2,637,729 |
| TOTAL LOANS | 2,678,160 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,000 |
| Land And Building | 37,785 |
| Other Fixed Assets | 3,273 |
| NCUSIF Deposit | 28,101 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,403,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,040 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 77,858 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,832,444 |
| All Other Shares & Deposits | 875,699 |
| TOTAL SHARES & DEPOSITS | 2,708,143 |
| TOTAL LIABILITIES | 2,812,041 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 591,651 |
| TOTAL EQUITY | 591,651 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,403,692 |
| INCOME & EXPENSE | |
| Loan Income | 157,791 |
| Investment Income | 20,526 |
| Other Income | 1,967 |
| Total Employee Compensation & Benefits | 102,208 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,656 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 823 |
| Cost of Funds | 38,174 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,255 |
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