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AMOCO FEDERAL CREDIT UNION

Jun, 30, 2021 — AMOCO FEDERAL CREDIT UNION is a federal credit union headquartered in TEXAS CITY, TX with 10 branch locations and about $1.24 billion in total assets. Opened 84 years ago in 1937, AMOCO FEDERAL CREDIT UNION has about 92,140 members and employs 278 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)
P O BOX 889
TEXAS CITY, TX 77592-0889
Phone:(409) 948-8541
Fax:(409) 948-3944
Website:https://www.amocofcu.org
Branches:10 branch locations
Members:92,140
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,238,366,371
CEO/Manager:Shawn Bailey
Chairperson:Ron Mullen

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 123,758,733
TOTAL INVESTMENTS 183,842,271
Loans Held for Sale 0
 
 Real Estate Loans 187,069,715
 Unsecured Loans 95,027,914
 Other Loans 592,850,365
 TOTAL LOANS 874,947,994
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,854,550
 Land And Building 21,489,220
 Other Fixed Assets 2,112,337
 NCUSIF Deposit 9,036,494
 All Other Assets 30,033,872
  TOTAL ASSETS 1,238,366,371
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 86,000,000
 Accounts Payable & Other Liabilities 17,349,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 199,146,157
 Regular shares 358,389,900
 All Other Shares & Deposits 476,851,340
  TOTAL SHARES & DEPOSITS 1,034,387,397
  TOTAL LIABILITIES 1,137,736,584
 Regular Reserve 13,525,361
 Other Reserves 19,517,213
 Undivided Earnings 67,587,213
  TOTAL EQUITY 100,629,787
  TOTAL LIABILITIES, SHARES, & EQUITY 1,238,366,371
INCOME & EXPENSE  
 Loan Income 20,423,104
 Investment Income 1,731,393
 Other Income 2,488,759
 Total Employee Compensation & Benefits 10,963,156
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,627,510
 Non-operating Income & (Expense) 687,144
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,715,000
 Cost of Funds 3,309,296
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,640,383
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