Dec, 31, 2023 — ACU CREDIT UNION is a federally insured state chartered credit union headquartered in ABILENE, TX with 1 branch location and about $5.46 million in total assets. Opened 70 years ago in 1954, ACU CREDIT UNION has about 881 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACU CREDIT UNION |
|---|---|
| Address: (Main Office) | 701 College Dr ABILENE, TX 79601 |
| Phone: | (325) 674-2486 |
| Fax: | (325) 674-6774 |
| Website: | https://acucreditunion.com |
| Branches: | 1 branch locations |
| Members: | 881 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67446 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | May 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,457,463 |
| CEO/Manager: | Troy A Mann |
| Chairperson: | Joe Cardot |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 556,385 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 505,331 |
| Other Loans | 3,511,120 |
| TOTAL LOANS | 4,016,451 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,524 |
| Land And Building | 0 |
| Other Fixed Assets | 1,085 |
| NCUSIF Deposit | 47,588 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,457,463 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,195 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,894,861 |
| All Other Shares & Deposits | 205,828 |
| TOTAL SHARES & DEPOSITS | 4,100,690 |
| TOTAL LIABILITIES | 4,104,885 |
| Regular Reserve | 0 |
| Other Reserves | 77,527 |
| Undivided Earnings | 1,275,051 |
| TOTAL EQUITY | 1,352,578 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,457,463 |
| INCOME & EXPENSE | |
| Loan Income | 169,873 |
| Investment Income | 29,814 |
| Other Income | 5,490 |
| Total Employee Compensation & Benefits | 85,647 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 74,536 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,002 |
| Cost of Funds | 22,218 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,365 |
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