Dec, 31, 2023 — E M O T FEDERAL CREDIT UNION is a federal credit union headquartered in ABILENE, TX with 1 branch location and about $9.45 million in total assets. Opened 70 years ago in 1954, E M O T FEDERAL CREDIT UNION has about 513 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | E M O T FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 471 Cypress St ABILENE, TX 79601-5101 |
| Phone: | (325) 673-3728 |
| Fax: | (325) 673-3729 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 513 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9457 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,454,604 |
| CEO/Manager: | Jerry McIver |
| Chairperson: | Bobby Marshall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 379,125 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 52,732 |
| Other Loans | 2,751,302 |
| TOTAL LOANS | 2,804,034 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,406 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 72,873 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,454,604 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 30,218 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,295 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,015,700 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,015,700 |
| TOTAL LIABILITIES | 6,059,213 |
| Regular Reserve | 0 |
| Other Reserves | 1,663,117 |
| Undivided Earnings | 1,732,274 |
| TOTAL EQUITY | 3,395,391 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,454,604 |
| INCOME & EXPENSE | |
| Loan Income | 178,107 |
| Investment Income | 192,813 |
| Other Income | 4,793 |
| Total Employee Compensation & Benefits | 84,009 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 92,944 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
| Cost of Funds | 93,007 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 107,362 |
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