Dec, 31, 2023 — ALABAMA TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in GADSDEN, AL with 6 branch locations and about $531.40 million in total assets. Opened 65 years ago in 1959, ALABAMA TEACHERS CREDIT UNION has about 29,069 members and employs 97 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 TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 702 Walnut St GADSDEN, AL 35901 |
| Phone: | (256) 543-7040 |
| Fax: | (256) 439-3699 |
| Website: | https://atcu.com |
| Branches: | 6 branch locations |
| Members: | 29,069 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67252 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $531,397,788 |
| CEO/Manager: | Ron Summerall Summerall |
| Chairperson: | Martha Lavender |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,160,179 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 225,717,795 |
| Unsecured Loans | 23,706,363 |
| Other Loans | 155,378,777 |
| TOTAL LOANS | 405,049,152 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,727,010 |
| Land And Building | 8,982,842 |
| Other Fixed Assets | 773,233 |
| NCUSIF Deposit | 4,162,978 |
| All Other Assets | 119,638 |
| TOTAL ASSETS | 531,397,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 269,174 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 4,405,821 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 118,364,975 |
| Regular shares | 135,803,429 |
| All Other Shares & Deposits | 198,518,191 |
| TOTAL SHARES & DEPOSITS | 452,686,597 |
| TOTAL LIABILITIES | 482,361,592 |
| Regular Reserve | 0 |
| Other Reserves | 47,204,991 |
| Undivided Earnings | 1,831,205 |
| TOTAL EQUITY | 49,036,196 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 531,397,788 |
| INCOME & EXPENSE | |
| Loan Income | 18,789,571 |
| Investment Income | 2,775,522 |
| Other Income | 2,858,599 |
| Total Employee Compensation & Benefits | 8,688,616 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,625,935 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 701,500 |
| Cost of Funds | 6,071,671 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,220,407 |
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