Dec, 31, 2023 — FIRST PRIORITY CREDIT UNION is a federally insured state chartered credit union headquartered in ABILENE, TX with 1 branch location and about $20.90 million in total assets. Opened 94 years ago in 1930, FIRST PRIORITY CREDIT UNION has about 1,315 members and employs 3 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 PRIORITY CREDIT UNION |
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Address: (Main Office) | 3165 S 27th St ABILENE, TX 79605 |
Phone: | (325) 692-4089 |
Fax: | (325) 692-4982 |
Website: | https://www.firstpriorityabilene.org |
Branches: | 1 branch locations |
Members: | 1,315 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67542 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,898,324 |
CEO/Manager: | Cathy Higgins |
Chairperson: | David Massey |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,236,269 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 826,951 |
Unsecured Loans | 905,889 |
Other Loans | 7,715,426 |
TOTAL LOANS | 9,448,266 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,732 |
Land And Building | 195,441 |
Other Fixed Assets | 65,460 |
NCUSIF Deposit | 185,605 |
All Other Assets | 0 |
TOTAL ASSETS | 20,898,324 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 47,667 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,396,319 |
Regular shares | 10,581,166 |
All Other Shares & Deposits | 4,938,193 |
TOTAL SHARES & DEPOSITS | 18,915,678 |
TOTAL LIABILITIES | 18,963,345 |
Regular Reserve | 0 |
Other Reserves | 364,110 |
Undivided Earnings | 1,570,869 |
TOTAL EQUITY | 1,934,979 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,898,324 |
INCOME & EXPENSE | |
Loan Income | 388,087 |
Investment Income | 392,556 |
Other Income | 52,234 |
Total Employee Compensation & Benefits | 222,685 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 355,504 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,652 |
Cost of Funds | 141,125 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 218,891 |
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