Dec, 31, 2022 — ABILENE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 5 branch locations and about $603.83 million in total assets. Opened 73 years ago in 1950, ABILENE TEACHERS FEDERAL CREDIT UNION has about 53,547 members and employs 138 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: | https://abileneteachersfcu.org |
| Branches: | 5 branch locations |
| Members: | 53,547 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $603,833,738 |
| CEO/Manager: | James L Boyd |
| Chairperson: | Royce Curtis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 133,512,997 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 69,848,529 |
| Unsecured Loans | 38,977,129 |
| Other Loans | 246,383,588 |
| TOTAL LOANS | 355,209,246 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,358,453 |
| Land And Building | 10,496,948 |
| Other Fixed Assets | 3,170,431 |
| NCUSIF Deposit | 4,607,824 |
| All Other Assets | 25,475 |
| TOTAL ASSETS | 603,833,738 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,655,352 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 143,680,203 |
| Regular shares | 280,685,065 |
| All Other Shares & Deposits | 73,405,155 |
| TOTAL SHARES & DEPOSITS | 497,770,423 |
| TOTAL LIABILITIES | 507,425,775 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 96,407,963 |
| TOTAL EQUITY | 96,407,963 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 603,833,738 |
| INCOME & EXPENSE | |
| Loan Income | 11,686,168 |
| Investment Income | 1,542,991 |
| Other Income | 3,962,451 |
| Total Employee Compensation & Benefits | 7,484,216 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,175,768 |
| Non-operating Income & (Expense) | -48,947 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,617 |
| Cost of Funds | 335,370 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,121,943 |
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