Dec, 31, 2023 — COMMUNITIES OF ABILENE FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 2 branch locations and about $154.46 million in total assets. Opened 69 years ago in 1955, COMMUNITIES OF ABILENE FEDERAL CREDIT UNION has about 10,973 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITIES OF ABILENE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3661 N 6th St ABILENE, TX 79603 |
| Phone: | (325) 691-2300 |
| Fax: | (325) 691-2309 |
| Website: | https://www.coafcu.org |
| Branches: | 2 branch locations |
| Members: | 10,973 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10706 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $154,458,998 |
| CEO/Manager: | Clinton M Wilson |
| Chairperson: | James K McDonald |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,265,643 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,187,917 |
| Unsecured Loans | 5,610,981 |
| Other Loans | 55,117,926 |
| TOTAL LOANS | 74,916,824 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -566,476 |
| Land And Building | 741,813 |
| Other Fixed Assets | 178,501 |
| NCUSIF Deposit | 1,485,107 |
| All Other Assets | 0 |
| TOTAL ASSETS | 154,458,998 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,371 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 616,429 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,763,424 |
| Regular shares | 58,748,714 |
| All Other Shares & Deposits | 51,728,695 |
| TOTAL SHARES & DEPOSITS | 149,240,834 |
| TOTAL LIABILITIES | 149,860,634 |
| Regular Reserve | 0 |
| Other Reserves | -10,665,269 |
| Undivided Earnings | 15,263,633 |
| TOTAL EQUITY | 4,598,364 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 154,458,998 |
| INCOME & EXPENSE | |
| Loan Income | 3,097,399 |
| Investment Income | 1,918,609 |
| Other Income | 811,595 |
| Total Employee Compensation & Benefits | 2,254,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,361,603 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,285 |
| Cost of Funds | 569,821 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 636,772 |
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