Dec, 31, 2023 — ABILENE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 5 branch locations and about $594.23 million in total assets. Opened 74 years ago in 1950, ABILENE TEACHERS FEDERAL CREDIT UNION has about 54,086 members and employs 141 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABILENE TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3849 Antilley Rd ABILENE, TX 79606 |
| Phone: | (325) 677-2274 |
| Fax: | (325) 676-0515 |
| Website: | https://abileneteachersfcu.org |
| Branches: | 5 branch locations |
| Members: | 54,086 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6743 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $594,232,550 |
| CEO/Manager: | James L Boyd |
| Chairperson: | Royce Curtis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 116,780,847 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 72,276,004 |
| Unsecured Loans | 45,598,294 |
| Other Loans | 258,707,891 |
| TOTAL LOANS | 376,582,189 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,051,557 |
| Land And Building | 10,094,385 |
| Other Fixed Assets | 2,764,992 |
| NCUSIF Deposit | 4,714,614 |
| All Other Assets | 103,225 |
| TOTAL ASSETS | 594,232,550 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,014,244 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 131,012,824 |
| Regular shares | 236,143,746 |
| All Other Shares & Deposits | 112,316,739 |
| TOTAL SHARES & DEPOSITS | 479,473,309 |
| TOTAL LIABILITIES | 492,501,047 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 101,731,503 |
| TOTAL EQUITY | 101,731,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 594,232,550 |
| INCOME & EXPENSE | |
| Loan Income | 19,470,129 |
| Investment Income | 5,960,482 |
| Other Income | 5,902,820 |
| Total Employee Compensation & Benefits | 11,101,487 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,537,273 |
| Non-operating Income & (Expense) | -85,369 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,543,641 |
| Cost of Funds | 4,314,729 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,844,508 |
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