Sep, 30, 2025 — AMOCO FEDERAL CREDIT UNION is a federal credit union headquartered in TEXAS CITY, TX with 11 branch locations and about $1.43 billion in total assets. Opened 89 years ago in 1937, AMOCO FEDERAL CREDIT UNION has about 106,634 members and employs 320 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMOCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2300 Texas Ave TEXAS CITY, TX 77590 |
| Phone: | (409) 948-8541 |
| Fax: | (409) 948-3944 |
| Website: | https://www.amocofcu.org |
| Branches: | 11 branch locations |
| Members: | 106,634 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2441 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,425,618,594 |
| CEO/Manager: | Shawn Bailey |
| Chairperson: | Ruben Torres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 77,847,180 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 526,008,341 |
| Unsecured Loans | 146,264,907 |
| Other Loans | 489,173,751 |
| TOTAL LOANS | 1,161,446,999 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,847,511 |
| Land And Building | 29,354,234 |
| Other Fixed Assets | 6,917,985 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,714,045 |
| All Other Assets | 3,346,155 |
| TOTAL ASSETS | 1,425,618,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 36,000,000 |
| Accounts Payable & Other Liabilities | 27,602,187 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 249,630,808 |
| Regular shares | 358,755,065 |
| All Other Shares & Deposits | 627,947,024 |
| TOTAL SHARES & DEPOSITS | 1,236,332,898 |
| TOTAL LIABILITIES | 1,299,935,085 |
| Regular Reserve | 0 |
| Other Reserves | 13,460,487 |
| Undivided Earnings | 112,223,022 |
| TOTAL EQUITY | 125,683,509 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,425,618,594 |
| INCOME & EXPENSE | |
| Loan Income | 50,355,753 |
| Investment Income | 4,373,331 |
| Other Income | 5,207,041 |
| Total Employee Compensation & Benefits | 23,927,774 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 19,811,961 |
| Non-operating Income & (Expense) | 67,643 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,259,000 |
| Cost of Funds | 15,019,208 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,573,332 |
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