Dec, 31, 2023 — CITY CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 1 branch location and about $21.59 million in total assets. Opened 74 years ago in 1950, CITY CREDIT UNION has about 1,567 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2302 JACK WARNER PKWY TUSCALOOSA, AL 35401-1034 |
| Phone: | (205) 349-4209 |
| Fax: | (205) 349-4484 |
| Website: | https://www.ccutuscaloosa.com |
| Branches: | 1 branch locations |
| Members: | 1,567 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62062 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,585,822 |
| CEO/Manager: | Castie Kinard |
| Chairperson: | MIKE MONTGOMERY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 855,148 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 238,764 |
| Unsecured Loans | 3,143,048 |
| Other Loans | 8,466,616 |
| TOTAL LOANS | 11,848,428 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -241,199 |
| Land And Building | 175,789 |
| Other Fixed Assets | 30,713 |
| NCUSIF Deposit | 164,544 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,585,822 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,385,231 |
| Accounts Payable & Other Liabilities | 170,848 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,958,784 |
| Regular shares | 13,122,993 |
| All Other Shares & Deposits | 365,087 |
| TOTAL SHARES & DEPOSITS | 15,446,862 |
| TOTAL LIABILITIES | 17,002,941 |
| Regular Reserve | 0 |
| Other Reserves | 4,582,881 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 4,582,881 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,585,822 |
| INCOME & EXPENSE | |
| Loan Income | 519,719 |
| Investment Income | 168,898 |
| Other Income | 166,341 |
| Total Employee Compensation & Benefits | 173,480 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 355,624 |
| Non-operating Income & (Expense) | 6,930 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,000 |
| Cost of Funds | 80,070 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 255,731 |
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