Dec, 31, 2023 — ALABAMA CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 9 branch locations and about $196.07 million in total assets. Opened 86 years ago in 1938, ALABAMA CENTRAL CREDIT UNION has about 22,944 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALABAMA CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3601 4th Ave S BIRMINGHAM, AL 35222 |
| Phone: | (205) 510-1300 |
| Fax: | (205) 595-8078 |
| Website: | https://www.alabamacentral.org |
| Branches: | 9 branch locations |
| Members: | 22,944 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60712 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $196,073,446 |
| CEO/Manager: | Brad Haddock |
| Chairperson: | Kaitlyn Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,442,104 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,249,762 |
| Unsecured Loans | 7,290,301 |
| Other Loans | 85,539,278 |
| TOTAL LOANS | 159,079,341 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,252,731 |
| Land And Building | 6,171,400 |
| Other Fixed Assets | 1,590,092 |
| NCUSIF Deposit | 1,792,043 |
| All Other Assets | 28,532 |
| TOTAL ASSETS | 196,073,446 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 1,688,638 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,492,028 |
| Regular shares | 94,130,735 |
| All Other Shares & Deposits | 43,670,079 |
| TOTAL SHARES & DEPOSITS | 171,292,842 |
| TOTAL LIABILITIES | 182,981,480 |
| Regular Reserve | 0 |
| Other Reserves | -3,244,119 |
| Undivided Earnings | 16,336,085 |
| TOTAL EQUITY | 13,091,966 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 196,073,446 |
| INCOME & EXPENSE | |
| Loan Income | 7,964,546 |
| Investment Income | 530,472 |
| Other Income | 1,148,925 |
| Total Employee Compensation & Benefits | 4,202,742 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,374,941 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 160,043 |
| Cost of Funds | 1,377,645 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,111,320 |
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