Credit union · NCUA insured
City Federal Credit Union
A $84.8M credit union headquartered in Amarillo, TX, with 2,722 members and 2 branches in Texas. Best rates: CDs 3.82% and savings 0.50% APY.
City Federal Credit Union Carrot Score
84
Carrot Score
Higher than 67% of U.S. banks and credit unions
#5 of 16 in Amarillo, TX metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About City Federal Credit Union
Founded in 1948 as a banking alternative for City of Amarillo employees, City Federal Credit Union is a not-for-profit financial cooperative owned by its members.
In October 2026, City Federal Credit Union merged into Magnolia Federal Credit Union to expand member services and technology.
- Headquarters
- 901 S Lincoln St, Amarillo, TX 79101-3637
- NCUA charter
- 5665
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is available to anyone who lives, works, worships, or attends school in, and businesses and other legal entities located within, Amarillo, TX.
Family and household
- Immediate family members of current City FCU members (spouse, children, step-children, parents, step-parents, siblings, step-siblings, grandchildren, grandparents) are eligible to join.
Cost to join
- Opening a Primary Savings account requires a minimum deposit of $20 to establish membership.
Branches
2 branches in Texas
Loading map…
Texas
2 branches
- City Federal Credit UnionMain office901 S Lincoln St, Amarillo, TX 79101Directions
- Soncy Branch8100 S Soncy Rd, Amarillo, TX 79119Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.25% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.59% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.45% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $90 | $59 | — |
- CapitalNet worth ratio16.25%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.59%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.45%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$90Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of City Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.