The People's Federal Credit Union is headquartered in Amarillo and is the 89th largest credit union in the state of Texas. It is also the 1,091st largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 60 employees and 22,356 members at 5 locations. The People's Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
The People’s Federal Credit Union is open to the following: (1) those who reside in, work or worship in the cities of Childress, Canyon, Hereford, areas of Amarillo, and Deaf Smith County or (2) family members with existing accounts. Membership is also open to those who are current or previous employees, of companies we serve.
See current membership details
TPFCU: The People's Federal Credit Union
This local credit union was founded primarily to serve employees of the Pantex Plant and their family members. There are 2 branches in Amarillo and one at the plant. I've used them for several years now. Their tellers are very good. Customer service personnel tend to come and go but have always been unfailingly efficient and knowledgeable. They experienced a data breach a few years ago, and some account holders were victimized, but the institution detected the problem and restored all funds quickly. They don't have many ATMs locally, but on the other hand fees are very low and this seems to be the main thing for members.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8290 |
| Year Chartered | 1953 |
| Employees | 60 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.78% |
| Annual Interest Income | $6.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $194.4MM$182.0MM |
| Loans | Q4 2019vs Q4 2018 | $116.2MM$109.0MM |
| Deposits | Q4 2019vs Q4 2018 | $177.5MM$165.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $15.7MM$15.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $578.00K$610.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.4MM$1.2MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |