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FIRST ABILENE FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in Abilene, TX with 2 branch locations and about $84.91 million in total assets. Opened 62 years ago in 1959, FIRST ABILENE FEDERAL CREDIT UNION has about 9,960 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.


ABA Routing Number: 311376591
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:http://www.firstabilenefcu.org
Branches:2 branch locations
Members:9,960
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$84,908,148
CEO/Manager:Megan Allred
Chairperson:Doug Hall

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,139,079
TOTAL INVESTMENTS 6,923,156
Loans Held for Sale 0
 
 Real Estate Loans 7,748,997
 Unsecured Loans 2,448,300
 Other Loans 42,894,052
 TOTAL LOANS 53,091,349
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -221,466
 Land And Building 2,666,352
 Other Fixed Assets 336,269
 NCUSIF Deposit 675,015
 All Other Assets 1,298,394
  TOTAL ASSETS 84,908,148
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 240,128
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,902,032
 Regular shares 29,625,832
 All Other Shares & Deposits 31,392,652
  TOTAL SHARES & DEPOSITS 75,920,516
  TOTAL LIABILITIES 76,160,644
 Regular Reserve 2,156,346
 Other Reserves 0
 Undivided Earnings 6,591,158
  TOTAL EQUITY 8,747,504
  TOTAL LIABILITIES, SHARES, & EQUITY 84,908,148
INCOME & EXPENSE  
 Loan Income 2,382,389
 Investment Income 188,521
 Other Income 1,778,384
 Total Employee Compensation & Benefits 1,836,903
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,649,333
 Non-operating Income & (Expense) 13,620
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 201,085
 Cost of Funds 290,040
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 385,553
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