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ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU)

Dec, 31, 2023 — ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU) is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $10.93 million in total assets. Opened 85 years ago in 1939, ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU) has about 1,776 members and employs 7 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 LAW ENFORCEMENT CREDIT UNION
Address:
(Main Office)
3712 4th Ave S
BIRMINGHAM, AL 35222-2420
Phone:(205) 583-4632
Fax:(205) 583-4131
Website:https://www.allecu.org
Branches:1 branch locations
Members:1,776
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64603
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1939
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$10,927,993
CEO/Manager:Kayla Southerland
Chairperson:Kenneth Prevo

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,277,662
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,094,809
 Other Loans 7,154,887
 TOTAL LOANS 9,249,696
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -546,580
 Land And Building 467,889
 Other Fixed Assets 4
 NCUSIF Deposit 128,047
 All Other Assets 0
  TOTAL ASSETS 10,927,993
LIABILITIES & CAPITAL:  
 Dividends Payable 36,289
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -29,083
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 911,163
 Regular shares 5,149,439
 All Other Shares & Deposits 3,607,152
  TOTAL SHARES & DEPOSITS 9,667,754
  TOTAL LIABILITIES 9,674,960
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,253,033
  TOTAL EQUITY 1,253,033
  TOTAL LIABILITIES, SHARES, & EQUITY 10,927,993
INCOME & EXPENSE  
 Loan Income 832,796
 Investment Income 73,060
 Other Income 209,014
 Total Employee Compensation & Benefits 420,685
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 632,614
 Non-operating Income & (Expense) -24,238
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 439,378
 Cost of Funds 133,308
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -414,924
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