Dec, 31, 2023 — ALBA-GOLDEN FEDERAL CREDIT UNION is a federal credit union headquartered in ALBA, TX with 1 branch location and about $18.69 million in total assets. Opened 64 years ago in 1960, ALBA-GOLDEN FEDERAL CREDIT UNION has about 1,473 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALBA-GOLDEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 140 Broadway St ALBA, TX 75410 |
| Phone: | (903) 765-2425 |
| Fax: | (903) 765-2547 |
| Website: | https://www.albagoldenfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,473 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13655 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,691,451 |
| CEO/Manager: | Danielle L Milbourn |
| Chairperson: | Laura Reid |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,107,290 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 43,567 |
| Other Loans | 8,613,219 |
| TOTAL LOANS | 8,656,786 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,892,885 |
| Land And Building | 234,560 |
| Other Fixed Assets | 159 |
| NCUSIF Deposit | 164,883 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,691,451 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 95,428 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 140,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 10,544,654 |
| All Other Shares & Deposits | 4,838,781 |
| TOTAL SHARES & DEPOSITS | 15,383,435 |
| TOTAL LIABILITIES | 15,619,237 |
| Regular Reserve | 0 |
| Other Reserves | 187,317 |
| Undivided Earnings | 2,884,897 |
| TOTAL EQUITY | 3,072,214 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,691,451 |
| INCOME & EXPENSE | |
| Loan Income | 652,944 |
| Investment Income | 131,512 |
| Other Income | 32,540 |
| Total Employee Compensation & Benefits | 218,755 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 225,062 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,000 |
| Cost of Funds | 233,253 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,926 |
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