Dec, 31, 2023 — TEXAS PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 5 branch locations and about $50.55 million in total assets. Opened 84 years ago in 1940, TEXAS PLAINS FEDERAL CREDIT UNION has about 9,050 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEXAS PLAINS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 804 S Madison St AMARILLO, TX 79101-3212 |
| Phone: | (806) 373-6641 |
| Fax: | (806) 373-2421 |
| Website: | https://www.texasplainsfederal.org |
| Branches: | 5 branch locations |
| Members: | 9,050 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3828 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,550,701 |
| CEO/Manager: | John M Knowles |
| Chairperson: | Ray Box |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,578,081 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 435,779 |
| Unsecured Loans | 2,821,520 |
| Other Loans | 34,188,414 |
| TOTAL LOANS | 37,445,713 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -359,344 |
| Land And Building | 2,384,885 |
| Other Fixed Assets | 65,549 |
| NCUSIF Deposit | 439,415 |
| All Other Assets | 34,735 |
| TOTAL ASSETS | 50,550,701 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 313,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,893,977 |
| Regular shares | 18,597,848 |
| All Other Shares & Deposits | 16,434,470 |
| TOTAL SHARES & DEPOSITS | 42,926,295 |
| TOTAL LIABILITIES | 43,240,091 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,310,610 |
| TOTAL EQUITY | 7,310,610 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,550,701 |
| INCOME & EXPENSE | |
| Loan Income | 2,492,143 |
| Investment Income | 224,422 |
| Other Income | 976,207 |
| Total Employee Compensation & Benefits | 2,067,615 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,808,077 |
| Non-operating Income & (Expense) | 2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 176,561 |
| Cost of Funds | 450,237 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 345,215 |
| ↑ Back to Top | |