Dec, 31, 2023 — CHOCOLATE BAYOU COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ALVIN, TX with 4 branch locations and about $151.78 million in total assets. Opened 62 years ago in 1962, CHOCOLATE BAYOU COMMUNITY FEDERAL CREDIT UNION has about 12,451 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHOCOLATE BAYOU COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1301 Highway 35 Byp N ALVIN, TX 77511-2681 |
Phone: | (281) 331-2253 |
Fax: | (281) 331-4918 |
Website: | https://www.chocolatebayou.org |
Branches: | 4 branch locations |
Members: | 12,451 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15143 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $151,777,466 |
CEO/Manager: | Gary Angeles |
Chairperson: | Tommy King |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,232,086 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,381,751 |
Unsecured Loans | 3,804,167 |
Other Loans | 46,568,842 |
TOTAL LOANS | 85,754,760 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -158,612 |
Land And Building | 3,220,583 |
Other Fixed Assets | 301,466 |
NCUSIF Deposit | 1,348,570 |
All Other Assets | 3,956 |
TOTAL ASSETS | 151,777,466 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 736,317 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,726,383 |
Regular shares | 84,897,930 |
All Other Shares & Deposits | 13,558,784 |
TOTAL SHARES & DEPOSITS | 135,183,097 |
TOTAL LIABILITIES | 135,919,414 |
Regular Reserve | 0 |
Other Reserves | -1,700,071 |
Undivided Earnings | 17,558,123 |
TOTAL EQUITY | 15,858,052 |
TOTAL LIABILITIES, SHARES, & EQUITY | 151,777,466 |
INCOME & EXPENSE | |
Loan Income | 3,742,552 |
Investment Income | 1,393,212 |
Other Income | 1,232,295 |
Total Employee Compensation & Benefits | 3,095,318 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,397,881 |
Non-operating Income & (Expense) | -55,864 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,776 |
Cost of Funds | 169,616 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,445,004 |
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