Dec, 31, 2021 — ABILENE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 5 branch locations and about $578.04 million in total assets. Opened 72 years ago in 1950, ABILENE TEACHERS FEDERAL CREDIT UNION has about 53,084 members and employs 129 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 TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3849 Antilley Rd ABILENE, TX 79606 |
| Phone: | (325) 677-2274 |
| Fax: | (325) 676-0515 |
| Website: | http://abileneteachersfcu.org |
| Branches: | 5 branch locations |
| Members: | 53,084 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6743 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $578,038,337 |
| CEO/Manager: | James L Boyd |
| Chairperson: | J. Nolan Kelley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 134,929,039 |
| TOTAL INVESTMENTS | 76,340,589 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 68,190,997 |
| Unsecured Loans | 34,342,190 |
| Other Loans | 247,117,541 |
| TOTAL LOANS | 349,650,728 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,519,645 |
| Land And Building | 10,778,214 |
| Other Fixed Assets | 2,072,088 |
| NCUSIF Deposit | 4,484,200 |
| All Other Assets | 2,303,124 |
| TOTAL ASSETS | 578,038,337 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,787,755 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 131,315,171 |
| Regular shares | 268,481,998 |
| All Other Shares & Deposits | 78,167,393 |
| TOTAL SHARES & DEPOSITS | 477,964,562 |
| TOTAL LIABILITIES | 487,752,317 |
| Regular Reserve | 5,758,764 |
| Other Reserves | 0 |
| Undivided Earnings | 84,527,256 |
| TOTAL EQUITY | 90,286,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 578,038,337 |
| INCOME & EXPENSE | |
| Loan Income | 16,413,509 |
| Investment Income | 846,593 |
| Other Income | 4,280,923 |
| Total Employee Compensation & Benefits | 10,134,803 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,684,621 |
| Non-operating Income & (Expense) | -132,492 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -984,387 |
| Cost of Funds | 482,758 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,401,060 |
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