Dec, 31, 2023 — COVINGTON SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in ANDALUSIA, AL with 0 branch location and about $19.51 million in total assets. Opened 67 years ago in 1957, COVINGTON SCHOOLS FEDERAL CREDIT UNION has about 1,600 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COVINGTON SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 931 River Falls St ANDALUSIA, AL 36420 |
Phone: | (334) 222-2169 |
Fax: | (334) 222-4363 |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 1,600 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11950 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,513,330 |
CEO/Manager: | Brittany Cox |
Chairperson: | William Hines |
ASSETS: | $ Amount |
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Cash & Equivalents | 447,113 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 551,723 |
Unsecured Loans | 1,121,680 |
Other Loans | 11,441,889 |
TOTAL LOANS | 13,115,292 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,713 |
Land And Building | 156,123 |
Other Fixed Assets | 4,621 |
NCUSIF Deposit | 141,442 |
All Other Assets | 0 |
TOTAL ASSETS | 19,513,330 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 28,232 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 11,216,885 |
All Other Shares & Deposits | 644,713 |
TOTAL SHARES & DEPOSITS | 11,861,599 |
TOTAL LIABILITIES | 11,889,831 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,623,499 |
TOTAL EQUITY | 7,623,499 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,513,330 |
INCOME & EXPENSE | |
Loan Income | 542,097 |
Investment Income | 325,823 |
Other Income | 13,349 |
Total Employee Compensation & Benefits | 113,816 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 166,274 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,915 |
Cost of Funds | 84,485 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 491,198 |
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