Dec, 31, 2021 — ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 2 branch locations and about $30.48 million in total assets. Opened 72 years ago in 1950, ABILENE FEDERAL CREDIT UNION has about 2,887 members and employs 10 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: | 2,887 |
| 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: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,482,915 |
| CEO/Manager: | Barbara Cunningham |
| Chairperson: | Kevin Ohnheiser |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,614,207 |
| TOTAL INVESTMENTS | 10,869,736 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,761,775 |
| Other Loans | 11,194,777 |
| TOTAL LOANS | 12,956,552 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,157 |
| Land And Building | 3,126,634 |
| Other Fixed Assets | 108,172 |
| NCUSIF Deposit | 240,310 |
| All Other Assets | 637,461 |
| TOTAL ASSETS | 30,482,915 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 490 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 89,259 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,857,807 |
| Regular shares | 18,700,601 |
| All Other Shares & Deposits | 2,491,909 |
| TOTAL SHARES & DEPOSITS | 26,050,317 |
| TOTAL LIABILITIES | 26,140,066 |
| Regular Reserve | 387,442 |
| Other Reserves | 3,750,000 |
| Undivided Earnings | 205,407 |
| TOTAL EQUITY | 4,342,849 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,482,915 |
| INCOME & EXPENSE | |
| Loan Income | 625,771 |
| Investment Income | 85,482 |
| Other Income | 116,009 |
| Total Employee Compensation & Benefits | 523,352 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 470,694 |
| Non-operating Income & (Expense) | 15,315 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -32,000 |
| Cost of Funds | 33,199 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,507 |
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