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AMOCO FEDERAL CREDIT UNION

Mar, 31, 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 91,831 members and employs 266 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:91,831
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:$1,241,790,565
CEO/Manager:Shawn Bailey
Chairperson:Ron Mullen

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 147,959,921
TOTAL INVESTMENTS 181,887,235
Loans Held for Sale 0
 
 Real Estate Loans 176,139,405
 Unsecured Loans 92,793,330
 Other Loans 586,747,330
 TOTAL LOANS 855,680,065
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,406,100
 Land And Building 21,703,515
 Other Fixed Assets 2,182,047
 NCUSIF Deposit 8,523,870
 All Other Assets 31,260,012
  TOTAL ASSETS 1,241,790,565
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 86,000,000
 Accounts Payable & Other Liabilities 16,677,340
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 214,012,751
 Regular shares 353,337,073
 All Other Shares & Deposits 475,665,315
  TOTAL SHARES & DEPOSITS 1,043,015,139
  TOTAL LIABILITIES 1,145,692,479
 Regular Reserve 13,525,361
 Other Reserves 19,986,924
 Undivided Earnings 62,585,801
  TOTAL EQUITY 96,098,086
  TOTAL LIABILITIES, SHARES, & EQUITY 1,241,790,565
INCOME & EXPENSE  
 Loan Income 10,086,691
 Investment Income 904,491
 Other Income 1,217,245
 Total Employee Compensation & Benefits 5,097,054
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,107,158
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,200,000
 Cost of Funds 1,734,095
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,370,310
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