Dec, 31, 2023 — AOD FEDERAL CREDIT UNION is a federal credit union headquartered in OXFORD, AL with 7 branch locations and about $438.68 million in total assets. Opened 74 years ago in 1950, AOD FEDERAL CREDIT UNION has about 37,477 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12 Elm St OXFORD, AL 36203 |
| Phone: | (256) 237-9494 |
| Fax: | (256) 237-3285 |
| Website: | https://www.aodfcu.com |
| Branches: | 7 branch locations |
| Members: | 37,477 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6680 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $438,678,366 |
| CEO/Manager: | Virginia Bowen |
| Chairperson: | Bobby Israel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,838,215 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,212,364 |
| Unsecured Loans | 28,482,094 |
| Other Loans | 111,655,530 |
| TOTAL LOANS | 232,349,988 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,325,000 |
| Land And Building | 9,842,099 |
| Other Fixed Assets | 298,098 |
| NCUSIF Deposit | 3,841,199 |
| All Other Assets | 265,419 |
| TOTAL ASSETS | 438,678,366 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 142,170 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -2,111,824 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 74,347,536 |
| Regular shares | 217,518,849 |
| All Other Shares & Deposits | 101,875,693 |
| TOTAL SHARES & DEPOSITS | 393,742,077 |
| TOTAL LIABILITIES | 391,772,423 |
| Regular Reserve | 0 |
| Other Reserves | -13,761,811 |
| Undivided Earnings | 60,667,754 |
| TOTAL EQUITY | 46,905,943 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 438,678,366 |
| INCOME & EXPENSE | |
| Loan Income | 9,621,987 |
| Investment Income | 6,177,650 |
| Other Income | 3,607,347 |
| Total Employee Compensation & Benefits | 5,530,896 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,177,141 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 274,636 |
| Cost of Funds | 3,422,256 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,717,194 |
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