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FIRST BASIN CREDIT UNION

Dec, 31, 2023 — FIRST BASIN CREDIT UNION is a federally insured state chartered credit union headquartered in ODESSA, TX with 7 branch locations and about $316.33 million in total assets. Opened 59 years ago in 1965, FIRST BASIN CREDIT UNION has about 29,389 members and employs 102 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 316386803
Name:FIRST BASIN CREDIT UNION
Address:
(Main Office)
7100 E Highway 191
ODESSA, TX 79765
Phone:(432) 333-5600
Fax:
Website:https://www.firstbasin.com
Branches:7 branch locations
Members:29,389
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67609
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1965
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$316,330,744
CEO/Manager:Shem E Culpepper
Chairperson:Sam Gonzalez

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,478,347
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 70,875,763
 Unsecured Loans 6,799,320
 Other Loans 142,832,899
 TOTAL LOANS 220,832,343
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,804,683
 Land And Building 23,368,089
 Other Fixed Assets 1,607,988
 NCUSIF Deposit 2,710,102
 All Other Assets 312,286
  TOTAL ASSETS 316,330,744
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,700,000
 Accounts Payable & Other Liabilities 9,520,940
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 81,479,417
 Regular shares 109,289,834
 All Other Shares & Deposits 82,825,661
  TOTAL SHARES & DEPOSITS 273,594,912
  TOTAL LIABILITIES 289,815,852
 Regular Reserve 0
 Other Reserves -4,489,050
 Undivided Earnings 31,003,942
  TOTAL EQUITY 26,514,892
  TOTAL LIABILITIES, SHARES, & EQUITY 316,330,744
INCOME & EXPENSE  
 Loan Income 11,661,124
 Investment Income 1,101,263
 Other Income 2,746,470
 Total Employee Compensation & Benefits 7,323,725
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,438,810
 Non-operating Income & (Expense) 69,879
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,625,117
 Cost of Funds 1,533,380
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,016,059
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