Dec, 31, 2021 — ANDERSON COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in PALESTINE, TX with 1 branch location and about $23.51 million in total assets. Opened 68 years ago in 1954, ANDERSON COUNTY FEDERAL CREDIT UNION has about 1,905 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ANDERSON COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2307 W Oak St PALESTINE, TX 75801-4063 |
| Phone: | (903) 729-6788 |
| Fax: | (903) 723-5728 |
| Website: | http://www.ancfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,905 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9880 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,513,012 |
| CEO/Manager: | Jessica L Rampy |
| Chairperson: | Gary D McMahan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,826,293 |
| TOTAL INVESTMENTS | 14,864,651 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 643,065 |
| Other Loans | 4,990,807 |
| TOTAL LOANS | 5,633,872 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,299 |
| Land And Building | 58,038 |
| Other Fixed Assets | 77 |
| NCUSIF Deposit | 161,335 |
| All Other Assets | 47,045 |
| TOTAL ASSETS | 23,513,012 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 521 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,486 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,454,028 |
| Regular shares | 8,650,420 |
| All Other Shares & Deposits | 9,260,117 |
| TOTAL SHARES & DEPOSITS | 20,364,565 |
| TOTAL LIABILITIES | 20,383,572 |
| Regular Reserve | 739,986 |
| Other Reserves | 0 |
| Undivided Earnings | 2,389,454 |
| TOTAL EQUITY | 3,129,440 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,513,012 |
| INCOME & EXPENSE | |
| Loan Income | 327,160 |
| Investment Income | 109,174 |
| Other Income | 84,314 |
| Total Employee Compensation & Benefits | 299,686 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 207,007 |
| Non-operating Income & (Expense) | 77,265 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,616 |
| Cost of Funds | 25,780 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 61,411 |
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