Dec, 31, 2023 — COMMUNITIES OF ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 2 branch locations and about $154.46 million in total assets. Opened 69 years ago in 1955, COMMUNITIES OF ABILENE FEDERAL CREDIT UNION has about 10,973 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITIES OF ABILENE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3661 N 6th St ABILENE, TX 79603 |
Phone: | (325) 691-2300 |
Fax: | (325) 691-2309 |
Website: | https://www.coafcu.org |
Branches: | 2 branch locations |
Members: | 10,973 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10706 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $154,458,998 |
CEO/Manager: | Clinton M Wilson |
Chairperson: | James K McDonald |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,265,643 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,187,917 |
Unsecured Loans | 5,610,981 |
Other Loans | 55,117,926 |
TOTAL LOANS | 74,916,824 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -566,476 |
Land And Building | 741,813 |
Other Fixed Assets | 178,501 |
NCUSIF Deposit | 1,485,107 |
All Other Assets | 0 |
TOTAL ASSETS | 154,458,998 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,371 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 616,429 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 38,763,424 |
Regular shares | 58,748,714 |
All Other Shares & Deposits | 51,728,695 |
TOTAL SHARES & DEPOSITS | 149,240,834 |
TOTAL LIABILITIES | 149,860,634 |
Regular Reserve | 0 |
Other Reserves | -10,665,269 |
Undivided Earnings | 15,263,633 |
TOTAL EQUITY | 4,598,364 |
TOTAL LIABILITIES, SHARES, & EQUITY | 154,458,998 |
INCOME & EXPENSE | |
Loan Income | 3,097,399 |
Investment Income | 1,918,609 |
Other Income | 811,595 |
Total Employee Compensation & Benefits | 2,254,581 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,361,603 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,285 |
Cost of Funds | 569,821 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 636,772 |
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