Dec, 31, 2023 — AMERICAN BAPTIST ASSOCIATION CREDIT UNION is a federally insured state chartered credit union headquartered in ANGLETON, TX with 1 branch location and about $1.62 million in total assets. Opened 54 years ago in 1970, AMERICAN BAPTIST ASSOCIATION CREDIT UNION has about 401 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICAN BAPTIST ASSOCIATION CREDIT UNION |
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Address: (Main Office) | 21103 Chenango Lake Dr ANGLETON, TX 77515 |
Phone: | (281) 245-6887 |
Fax: | |
Website: | https://www.abacu.org |
Branches: | 1 branch locations |
Members: | 401 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67622 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,615,731 |
CEO/Manager: | Julie G Knight |
Chairperson: | David R Taylor |
ASSETS: | $ Amount |
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Cash & Equivalents | 161,802 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 129,253 |
Other Loans | 1,119,725 |
TOTAL LOANS | 1,248,978 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,490 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 16,941 |
All Other Assets | 0 |
TOTAL ASSETS | 1,615,731 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,803 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,447,279 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,447,279 |
TOTAL LIABILITIES | 1,450,082 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 165,649 |
TOTAL EQUITY | 165,649 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,615,731 |
INCOME & EXPENSE | |
Loan Income | 65,450 |
Investment Income | 15,219 |
Other Income | 1,927 |
Total Employee Compensation & Benefits | 34,378 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,376 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,262 |
Cost of Funds | 4,814 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,313 |
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