Dec, 31, 2023 — FIRST ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 2 branch locations and about $99.85 million in total assets. Opened 65 years ago in 1959, FIRST ABILENE FEDERAL CREDIT UNION has about 9,951 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST ABILENE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1118 Pine St ABILENE, TX 79601-3529 |
| Phone: | (325) 670-2429 |
| Fax: | (325) 670-2588 |
| Website: | https://www.myfwcu.org |
| Branches: | 2 branch locations |
| Members: | 9,951 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13290 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $99,848,902 |
| CEO/Manager: | Megan Allred |
| Chairperson: | Doug Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,010,186 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,926,240 |
| Unsecured Loans | 2,366,584 |
| Other Loans | 62,805,193 |
| TOTAL LOANS | 75,098,018 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -411,640 |
| Land And Building | 2,942,779 |
| Other Fixed Assets | 364,197 |
| NCUSIF Deposit | 844,132 |
| All Other Assets | 300,596 |
| TOTAL ASSETS | 99,848,902 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 334,096 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,558,100 |
| Regular shares | 33,235,627 |
| All Other Shares & Deposits | 39,348,337 |
| TOTAL SHARES & DEPOSITS | 90,142,064 |
| TOTAL LIABILITIES | 90,476,160 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,372,742 |
| TOTAL EQUITY | 9,372,742 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,848,902 |
| INCOME & EXPENSE | |
| Loan Income | 3,648,513 |
| Investment Income | 367,933 |
| Other Income | 850,829 |
| Total Employee Compensation & Benefits | 2,375,730 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,205,465 |
| Non-operating Income & (Expense) | 8,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -188,267 |
| Cost of Funds | 839,177 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 443,778 |
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