MOBILOIL FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mobiloilcu.org for more information.
Dec, 31, 2023 — MOBILOIL FEDERAL CREDIT UNION is a federal credit union headquartered in Beaumont, TX with 11 branch locations and about $1.10 billion in total assets. Opened 89 years ago in 1935, MOBILOIL FEDERAL CREDIT UNION has about 73,171 members and employs 259 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOBILOIL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 12849 Beaumont, TX 77726 |
| Phone: | (409) 892-1111 |
| Fax: | |
| Website: | https://www.mobiloilcu.org |
| Branches: | 11 branch locations |
| Members: | 73,171 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 491 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,099,577,978 |
| CEO/Manager: | John M Doucet |
| Chairperson: | Gary Waldrop |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 120,576,568 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 258,895,853 |
| Unsecured Loans | 74,246,947 |
| Other Loans | 454,758,825 |
| TOTAL LOANS | 792,745,132 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,741,021 |
| Land And Building | 38,703,149 |
| Other Fixed Assets | 2,913,448 |
| NCUSIF Deposit | 7,311,255 |
| All Other Assets | 576,114 |
| TOTAL ASSETS | 1,099,577,978 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 68,000,000 |
| Accounts Payable & Other Liabilities | 11,237,835 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 205,325,141 |
| Regular shares | 271,075,518 |
| All Other Shares & Deposits | 408,613,606 |
| TOTAL SHARES & DEPOSITS | 885,014,265 |
| TOTAL LIABILITIES | 964,252,100 |
| Regular Reserve | 0 |
| Other Reserves | 360,776 |
| Undivided Earnings | 134,965,102 |
| TOTAL EQUITY | 135,325,878 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,099,577,978 |
| INCOME & EXPENSE | |
| Loan Income | 24,419,923 |
| Investment Income | 1,788,934 |
| Other Income | 4,667,503 |
| Total Employee Compensation & Benefits | 14,545,336 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,990,878 |
| Non-operating Income & (Expense) | 770,365 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,525,443 |
| Cost of Funds | 3,238,609 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,310,227 |
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