Dec, 31, 2023 — LISTERHILL CREDIT UNION is a federally insured state chartered credit union headquartered in MUSCLE SHOALS, AL with 17 branch locations and about $1.40 billion in total assets. Opened 72 years ago in 1952, LISTERHILL CREDIT UNION has about 94,223 members and employs 284 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LISTERHILL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4790 2nd St MUSCLE SHOALS, AL 35661-1285 |
| Phone: | (256) 383-9204 |
| Fax: | (256) 314-6502 |
| Website: | https://www.listerhill.com |
| Branches: | 17 branch locations |
| Members: | 94,223 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63057 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,402,871,966 |
| CEO/Manager: | Brad Green |
| Chairperson: | Mark D Linder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 140,962,217 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 972,624 |
| Real Estate Loans | 664,184,360 |
| Unsecured Loans | 83,488,186 |
| Other Loans | 329,795,785 |
| TOTAL LOANS | 1,089,286,720 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,639,442 |
| Land And Building | 31,891,590 |
| Other Fixed Assets | 1,556,268 |
| NCUSIF Deposit | 11,364,482 |
| All Other Assets | 348,702 |
| TOTAL ASSETS | 1,402,871,966 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,348,207 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 40,000,000 |
| Share Drafts | 277,386,687 |
| Regular shares | 389,471,296 |
| All Other Shares & Deposits | 606,611,573 |
| TOTAL SHARES & DEPOSITS | 1,273,469,557 |
| TOTAL LIABILITIES | 1,319,817,765 |
| Regular Reserve | 0 |
| Other Reserves | -19,513,431 |
| Undivided Earnings | 102,567,632 |
| TOTAL EQUITY | 83,054,201 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,402,871,966 |
| INCOME & EXPENSE | |
| Loan Income | 56,039,403 |
| Investment Income | 3,772,171 |
| Other Income | 9,647,936 |
| Total Employee Compensation & Benefits | 30,477,752 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,350,163 |
| Non-operating Income & (Expense) | 19,102 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,784,653 |
| Cost of Funds | 22,448,804 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,005,558 |
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