Dec, 31, 2023 — AMERICAN BAPTIST ASSOCIATION CREDIT UNION is a federally insured state chartered credit union headquartered in ANGLETON, TX with 1 branch location and about $1.62 million in total assets. Opened 54 years ago in 1970, AMERICAN BAPTIST ASSOCIATION CREDIT UNION has about 401 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN BAPTIST ASSOCIATION CREDIT UNION |
|---|---|
| Address: (Main Office) | 21103 Chenango Lake Dr ANGLETON, TX 77515 |
| Phone: | (281) 245-6887 |
| Fax: | |
| Website: | https://www.abacu.org |
| Branches: | 1 branch locations |
| Members: | 401 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67622 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,615,731 |
| CEO/Manager: | Julie G Knight |
| Chairperson: | David R Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 161,802 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 129,253 |
| Other Loans | 1,119,725 |
| TOTAL LOANS | 1,248,978 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,490 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 16,941 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,615,731 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,447,279 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,447,279 |
| TOTAL LIABILITIES | 1,450,082 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 165,649 |
| TOTAL EQUITY | 165,649 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,615,731 |
| INCOME & EXPENSE | |
| Loan Income | 65,450 |
| Investment Income | 15,219 |
| Other Income | 1,927 |
| Total Employee Compensation & Benefits | 34,378 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,376 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,262 |
| Cost of Funds | 4,814 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,313 |
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