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 |
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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 |
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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 |
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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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