Sep, 30, 2025 — FIRST ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 3 branch locations and about $99.40 million in total assets. Opened 67 years ago in 1959, FIRST ABILENE FEDERAL CREDIT UNION has about 9,376 members and employs 30 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: | 3 branch locations |
| Members: | 9,376 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $99,404,545 |
| CEO/Manager: | Megan Allred |
| Chairperson: | Doug Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,049,741 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,715,045 |
| Unsecured Loans | 1,936,181 |
| Other Loans | 58,005,603 |
| TOTAL LOANS | 69,656,829 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,000 |
| Land And Building | 3,339,423 |
| Other Fixed Assets | 271,993 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 825,848 |
| All Other Assets | 21,929 |
| TOTAL ASSETS | 99,404,545 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 363,131 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,201,829 |
| Regular shares | 32,952,172 |
| All Other Shares & Deposits | 38,298,736 |
| TOTAL SHARES & DEPOSITS | 89,452,737 |
| TOTAL LIABILITIES | 89,815,868 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,588,677 |
| TOTAL EQUITY | 9,588,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,404,545 |
| INCOME & EXPENSE | |
| Loan Income | 2,732,255 |
| Investment Income | 677,408 |
| Other Income | 490,476 |
| Total Employee Compensation & Benefits | 1,832,566 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,776,323 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,878 |
| Cost of Funds | 803,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,912 |
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