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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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