Dec, 31, 2023 — THE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in AMARILLO, TX with 5 branch locations and about $205.73 million in total assets. Opened 71 years ago in 1953, THE PEOPLE'S FEDERAL CREDIT UNION has about 22,107 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE PEOPLE'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7200 Hillside Rd AMARILLO, TX 79109-7460 |
| Phone: | (806) 359-8571 |
| Fax: | (806) 242-1137 |
| Website: | https://www.tpfcu.com |
| Branches: | 5 branch locations |
| Members: | 22,107 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8290 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $205,728,235 |
| CEO/Manager: | Arthur V Hornell, Jr. |
| Chairperson: | Christie Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,013,488 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,620,155 |
| Unsecured Loans | 6,242,065 |
| Other Loans | 109,561,708 |
| TOTAL LOANS | 133,869,583 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,062,899 |
| Land And Building | 5,584,872 |
| Other Fixed Assets | 506,678 |
| NCUSIF Deposit | 1,889,921 |
| All Other Assets | 853 |
| TOTAL ASSETS | 205,728,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 267,658 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,035,845 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,228,868 |
| Regular shares | 107,996,575 |
| All Other Shares & Deposits | 32,084,526 |
| TOTAL SHARES & DEPOSITS | 191,309,969 |
| TOTAL LIABILITIES | 192,613,472 |
| Regular Reserve | 0 |
| Other Reserves | -3,175,406 |
| Undivided Earnings | 16,290,169 |
| TOTAL EQUITY | 13,114,763 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 205,728,235 |
| INCOME & EXPENSE | |
| Loan Income | 6,114,851 |
| Investment Income | 905,496 |
| Other Income | 1,207,377 |
| Total Employee Compensation & Benefits | 3,900,265 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,857,183 |
| Non-operating Income & (Expense) | 487,316 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 316,292 |
| Cost of Funds | 956,111 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 752,369 |
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