Overview / Commentary
Abilene Federal Credit Union is headquartered in Abilene and is the 234th largest credit union in the state of Texas. It is also the 3,039th largest credit union in the nation. It was established in 1950 and as of December of 2022, it had grown to 6 employees and 2,825 members at 2 locations. Abilene Federal Credit Union has a B health rating.
Field of Membership Restrictions
Anyone who lives, works, worships, or attends school in qualifying areas of Taylor, Nolan, and Mitchell counties. Members of an employee's family or household members are also eligible to join.
See current membership details
Health
B
Data as of Q4 2022
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Abilene Federal Credit Union has a low asset base, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6503 |
| Year Chartered | 1950 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -3.98% |
| Return on Equity - YTD | -38.43% |
| Annual Interest Income | $654.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $29.8MM$30.5MM |
| Loans | Q4 2022vs Q4 2021 | $12.4MM$13.0MM |
| Deposits | Q4 2022vs Q4 2021 | $26.2MM$26.1MM |
| Equity Capital | Q4 2022vs Q4 2021 | $3.1MM$4.3MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $45.00K$70.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $72.00K$51.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |