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CHEMCEL FEDERAL CREDIT UNION

Dec, 31, 2023 — CHEMCEL FEDERAL CREDIT UNION is a federal credit union headquartered in BISHOP, TX with 6 branch locations and about $150.91 million in total assets. Opened 73 years ago in 1951, CHEMCEL FEDERAL CREDIT UNION has about 9,431 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 314977971
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:9,431
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$150,909,468
CEO/Manager:Michael Engel
Chairperson:Ken May

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,454,950
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,125,752
 Unsecured Loans 12,620,885
 Other Loans 82,697,858
 TOTAL LOANS 100,444,495
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,085,042
 Land And Building 6,408,100
 Other Fixed Assets 507,591
 NCUSIF Deposit 1,294,700
 All Other Assets 146,905
  TOTAL ASSETS 150,909,468
LIABILITIES & CAPITAL:  
 Dividends Payable 96,381
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,869,160
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 30,860,694
 Regular shares 37,784,479
 All Other Shares & Deposits 61,565,251
  TOTAL SHARES & DEPOSITS 130,210,424
  TOTAL LIABILITIES 132,175,965
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 18,733,503
  TOTAL EQUITY 18,733,503
  TOTAL LIABILITIES, SHARES, & EQUITY 150,909,468
INCOME & EXPENSE  
 Loan Income 5,067,721
 Investment Income 987,134
 Other Income 1,236,100
 Total Employee Compensation & Benefits 2,077,807
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,633,785
 Non-operating Income & (Expense) 140,823
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 564,645
 Cost of Funds 1,704,942
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,294,052
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