Dec, 31, 2023 — TUSCALOOSA COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 2 branch locations and about $11.98 million in total assets. Opened 65 years ago in 1959, TUSCALOOSA COUNTY CREDIT UNION has about 1,277 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TUSCALOOSA COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2605 7th St TUSCALOOSA, AL 35401-1803 |
| Phone: | (205) 344-5100 |
| Fax: | |
| Website: | https://www.tuscaloosacountycu.com |
| Branches: | 2 branch locations |
| Members: | 1,277 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64464 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,984,890 |
| CEO/Manager: | Kelley J Porter |
| Chairperson: | Jane Channell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 897,041 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 306,425 |
| Unsecured Loans | 922,524 |
| Other Loans | 5,776,320 |
| TOTAL LOANS | 7,005,269 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,219 |
| Land And Building | 233,123 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 115,417 |
| All Other Assets | 38,625 |
| TOTAL ASSETS | 11,984,890 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,280,599 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,353,615 |
| Regular shares | 2,707,901 |
| All Other Shares & Deposits | 4,205,569 |
| TOTAL SHARES & DEPOSITS | 8,267,085 |
| TOTAL LIABILITIES | 11,547,684 |
| Regular Reserve | 0 |
| Other Reserves | 666,062 |
| Undivided Earnings | -228,856 |
| TOTAL EQUITY | 437,206 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,984,890 |
| INCOME & EXPENSE | |
| Loan Income | 517,297 |
| Investment Income | 64,375 |
| Other Income | 129,556 |
| Total Employee Compensation & Benefits | 342,846 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 385,102 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,744 |
| Cost of Funds | 185,180 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -236,644 |
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