Sep, 30, 2025 — CHEMCEL FEDERAL CREDIT UNION is a federal credit union headquartered in BISHOP, TX with 6 branch locations and about $175.22 million in total assets. Opened 75 years ago in 1951, CHEMCEL FEDERAL CREDIT UNION has about 9,348 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHEMCEL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5740 County Road 4 BISHOP, TX 78343 |
| Phone: | (361) 584-6246 |
| Fax: | (361) 584-6155 |
| Website: | https://www.chemcel.org |
| Branches: | 6 branch locations |
| Members: | 9,348 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7129 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $175,220,490 |
| CEO/Manager: | Michael Engel |
| Chairperson: | Ken May |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,355,707 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,965,799 |
| Unsecured Loans | 12,678,554 |
| Other Loans | 83,990,258 |
| TOTAL LOANS | 103,634,611 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -986,164 |
| Land And Building | 6,154,500 |
| Other Fixed Assets | 383,464 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,364,072 |
| All Other Assets | 31,533 |
| TOTAL ASSETS | 175,220,490 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 130,149 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,252,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,702,308 |
| Regular shares | 37,647,103 |
| All Other Shares & Deposits | 84,389,193 |
| TOTAL SHARES & DEPOSITS | 152,738,604 |
| TOTAL LIABILITIES | 154,121,208 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 21,099,282 |
| TOTAL EQUITY | 21,099,282 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 175,220,490 |
| INCOME & EXPENSE | |
| Loan Income | 4,828,342 |
| Investment Income | 1,622,277 |
| Other Income | 919,728 |
| Total Employee Compensation & Benefits | 1,809,574 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,250,145 |
| Non-operating Income & (Expense) | 64,461 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 387,609 |
| Cost of Funds | 2,626,624 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,009,067 |
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