Dec, 31, 2023 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 0 branch location and about $17.80 million in total assets. Opened 66 years ago in 1958, FEDERAL EMPLOYEES CREDIT UNION has about 1,766 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDERAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1509 4th Ave S BIRMINGHAM, AL 35233-1612 |
| Phone: | (205) 322-4026 |
| Fax: | (205) 322-9908 |
| Website: | https://www.federalempscu.com |
| Branches: | 0 branch locations |
| Members: | 1,766 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62599 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,800,062 |
| CEO/Manager: | Greg A Keller |
| Chairperson: | Dolores Neal-Weeks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,225,798 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,589,947 |
| Unsecured Loans | 1,873,333 |
| Other Loans | 6,077,174 |
| TOTAL LOANS | 9,540,454 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,874 |
| Land And Building | 0 |
| Other Fixed Assets | 7,023 |
| NCUSIF Deposit | 149,740 |
| All Other Assets | 61,310 |
| TOTAL ASSETS | 17,800,062 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 120,968 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,248 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,937,997 |
| Regular shares | 6,506,566 |
| All Other Shares & Deposits | 6,004,170 |
| TOTAL SHARES & DEPOSITS | 14,448,733 |
| TOTAL LIABILITIES | 14,588,949 |
| Regular Reserve | 0 |
| Other Reserves | 493,099 |
| Undivided Earnings | 2,718,014 |
| TOTAL EQUITY | 3,211,113 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,800,062 |
| INCOME & EXPENSE | |
| Loan Income | 662,602 |
| Investment Income | 118,056 |
| Other Income | 117,703 |
| Total Employee Compensation & Benefits | 368,165 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 380,759 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,251 |
| Cost of Funds | 198,668 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -152,482 |
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