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FIRST BASIN CREDIT UNION

Mar, 31, 2021 — FIRST BASIN CREDIT UNION is a federally insured state chartered credit union headquartered in Odessa, TX with 9 branch locations and about $309.82 million in total assets. Opened 56 years ago in 1965, FIRST BASIN CREDIT UNION has about 28,523 members and employs 100 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)
2740 North County Road West
Odessa, TX 79764
Phone:(432) 333-5600
Fax:
Website:http://www.firstbasin.com
Branches:9 branch locations
Members:28,523
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$309,815,572
CEO/Manager:Shem E Culpepper
Chairperson:Sam Gonzalez

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 112,860,661
TOTAL INVESTMENTS 6,884,700
Loans Held for Sale 0
 
 Real Estate Loans 65,498,538
 Unsecured Loans 17,620,089
 Other Loans 77,740,836
 TOTAL LOANS 160,992,367
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,289,759
 Land And Building 23,374,494
 Other Fixed Assets 2,279,975
 NCUSIF Deposit 2,545,439
 All Other Assets 2,167,695
  TOTAL ASSETS 309,815,572
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,806,174
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 69,871,447
 Regular shares 107,940,769
 All Other Shares & Deposits 96,681,634
  TOTAL SHARES & DEPOSITS 274,493,850
  TOTAL LIABILITIES 280,300,024
 Regular Reserve 2,325,548
 Other Reserves 0
 Undivided Earnings 27,190,000
  TOTAL EQUITY 29,515,548
  TOTAL LIABILITIES, SHARES, & EQUITY 309,815,572
INCOME & EXPENSE  
 Loan Income 1,915,466
 Investment Income 22,623
 Other Income 484,893
 Total Employee Compensation & Benefits 1,458,419
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,301,507
 Non-operating Income & (Expense) -53,075
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 232,789
 Cost of Funds 204,549
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 128,909
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