Dec, 31, 2023 — ALBA-GOLDEN FEDERAL CREDIT UNION is a federal credit union headquartered in ALBA, TX with 1 branch location and about $18.69 million in total assets. Opened 64 years ago in 1960, ALBA-GOLDEN FEDERAL CREDIT UNION has about 1,473 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALBA-GOLDEN FEDERAL CREDIT UNION |
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Address: (Main Office) | 140 Broadway St ALBA, TX 75410 |
Phone: | (903) 765-2425 |
Fax: | (903) 765-2547 |
Website: | https://www.albagoldenfcu.com |
Branches: | 1 branch locations |
Members: | 1,473 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13655 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,691,451 |
CEO/Manager: | Danielle L Milbourn |
Chairperson: | Laura Reid |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,107,290 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 43,567 |
Other Loans | 8,613,219 |
TOTAL LOANS | 8,656,786 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,892,885 |
Land And Building | 234,560 |
Other Fixed Assets | 159 |
NCUSIF Deposit | 164,883 |
All Other Assets | 0 |
TOTAL ASSETS | 18,691,451 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 95,428 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 140,374 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 10,544,654 |
All Other Shares & Deposits | 4,838,781 |
TOTAL SHARES & DEPOSITS | 15,383,435 |
TOTAL LIABILITIES | 15,619,237 |
Regular Reserve | 0 |
Other Reserves | 187,317 |
Undivided Earnings | 2,884,897 |
TOTAL EQUITY | 3,072,214 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,691,451 |
INCOME & EXPENSE | |
Loan Income | 652,944 |
Investment Income | 131,512 |
Other Income | 32,540 |
Total Employee Compensation & Benefits | 218,755 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 225,062 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,000 |
Cost of Funds | 233,253 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 70,926 |
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