Dec, 31, 2023 — ALABAMA RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in MONROEVILLE, AL with 1 branch location and about $21.80 million in total assets. Opened 44 years ago in 1980, ALABAMA RIVER CREDIT UNION has about 1,868 members and employs 6 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 RIVER CREDIT UNION |
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Address: (Main Office) | 3365 S ALABAMA AVE MONROEVILLE, AL 36460 |
Phone: | (251) 575-2921 |
Fax: | (251) 575-5271 |
Website: | https://www.arivercu.com |
Branches: | 1 branch locations |
Members: | 1,868 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65402 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,802,955 |
CEO/Manager: | SHARON B DOWNING |
Chairperson: | Johnny M House |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,050,438 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 753,190 |
Other Loans | 5,761,400 |
TOTAL LOANS | 6,514,589 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,984 |
Land And Building | 1,023,043 |
Other Fixed Assets | 97,155 |
NCUSIF Deposit | 204,957 |
All Other Assets | 0 |
TOTAL ASSETS | 21,802,955 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 170,678 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,502,232 |
Regular shares | 6,042,747 |
All Other Shares & Deposits | 9,871,393 |
TOTAL SHARES & DEPOSITS | 19,416,372 |
TOTAL LIABILITIES | 19,587,050 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,215,905 |
TOTAL EQUITY | 2,215,905 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,802,955 |
INCOME & EXPENSE | |
Loan Income | 357,180 |
Investment Income | 281,086 |
Other Income | 279,692 |
Total Employee Compensation & Benefits | 379,316 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 459,330 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 52,484 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 31,265 |
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