Dec, 31, 2023 — AZALEA CITY CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 5 branch locations and about $42.48 million in total assets. Opened 70 years ago in 1954, AZALEA CITY CREDIT UNION has about 4,983 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AZALEA CITY CREDIT UNION |
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Address: (Main Office) | 5662 Cottage Hill Rd MOBILE, AL 36609 |
Phone: | (251) 316-0000 |
Fax: | (251) 316-0003 |
Website: | https://www.azaleacitycu.com |
Branches: | 5 branch locations |
Members: | 4,983 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68224 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,479,704 |
CEO/Manager: | Olabode Anise |
Chairperson: | JERRY BYRD |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,445,876 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,848,944 |
Unsecured Loans | 2,303,700 |
Other Loans | 21,026,198 |
TOTAL LOANS | 27,178,842 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -556,828 |
Land And Building | 2,479,226 |
Other Fixed Assets | 24,443 |
NCUSIF Deposit | 363,943 |
All Other Assets | 224,873 |
TOTAL ASSETS | 42,479,704 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 418,299 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,298,317 |
Regular shares | 19,438,458 |
All Other Shares & Deposits | 10,963,219 |
TOTAL SHARES & DEPOSITS | 35,699,994 |
TOTAL LIABILITIES | 36,118,293 |
Regular Reserve | 0 |
Other Reserves | 907,153 |
Undivided Earnings | 5,454,258 |
TOTAL EQUITY | 6,361,411 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,479,704 |
INCOME & EXPENSE | |
Loan Income | 1,662,510 |
Investment Income | 225,137 |
Other Income | 408,900 |
Total Employee Compensation & Benefits | 987,383 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 988,140 |
Non-operating Income & (Expense) | 170,163 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,476 |
Cost of Funds | 320,280 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 517,691 |
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