Mar, 31, 2022 — ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 2 branch locations and about $31.18 million in total assets. Opened 72 years ago in 1950, ABILENE FEDERAL CREDIT UNION has about 2,892 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABILENE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4001 Catclaw Dr. ABILENE, TX 79606 |
| Phone: | (325) 677-2918 |
| Fax: | (325) 232-8858 |
| Website: | http://www.abilenefcu.coop |
| Branches: | 2 branch locations |
| Members: | 2,892 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6503 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,179,831 |
| CEO/Manager: | Barbara Cunningham |
| Chairperson: | Kevin Ohnheiser |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,311,423 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,815,036 |
| Other Loans | 10,655,047 |
| TOTAL LOANS | 12,470,083 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,171 |
| Land And Building | 3,116,705 |
| Other Fixed Assets | 47,063 |
| NCUSIF Deposit | 240,310 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,179,831 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 417 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 118,777 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,084,610 |
| Regular shares | 19,279,772 |
| All Other Shares & Deposits | 2,343,549 |
| TOTAL SHARES & DEPOSITS | 26,707,931 |
| TOTAL LIABILITIES | 26,827,125 |
| Regular Reserve | 0 |
| Other Reserves | 4,137,442 |
| Undivided Earnings | 215,264 |
| TOTAL EQUITY | 4,352,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,179,831 |
| INCOME & EXPENSE | |
| Loan Income | 140,313 |
| Investment Income | 15,747 |
| Other Income | 49,739 |
| Total Employee Compensation & Benefits | 123,443 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 171,810 |
| Non-operating Income & (Expense) | 3,830 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -25,000 |
| Cost of Funds | 8,144 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,856 |
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