Dec, 31, 2023 — DEMOPOLIS FEDERAL CREDIT UNION is a federal credit union headquartered in DEMOPOLIS, AL with 1 branch location and about $2.14 million in total assets. Opened 58 years ago in 1966, DEMOPOLIS FEDERAL CREDIT UNION has about 673 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEMOPOLIS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 106 E Washington St DEMOPOLIS, AL 36732 |
| Phone: | (334) 289-4686 |
| Fax: | (334) 289-4475 |
| Website: | https://demopolisfcu.com |
| Branches: | 1 branch locations |
| Members: | 673 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17311 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,135,642 |
| CEO/Manager: | Quesha D Crockett |
| Chairperson: | Lorenzo McCants |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 667,814 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 363,913 |
| Other Loans | 579,196 |
| TOTAL LOANS | 943,109 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,517 |
| Land And Building | 65,079 |
| Other Fixed Assets | 51,322 |
| NCUSIF Deposit | 11,638 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,135,642 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 310,076 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,095,288 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,095,288 |
| TOTAL LIABILITIES | 1,405,364 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 730,278 |
| TOTAL EQUITY | 730,278 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,135,642 |
| INCOME & EXPENSE | |
| Loan Income | 79,186 |
| Investment Income | 28,390 |
| Other Income | 21,193 |
| Total Employee Compensation & Benefits | 66,653 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,820 |
| Non-operating Income & (Expense) | 92,196 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,818 |
| Cost of Funds | 4,741 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 102,711 |
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