Dec, 31, 2023 — ALLSOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 25 branch locations and about $1.26 billion in total assets. Opened 64 years ago in 1960, ALLSOUTH FEDERAL CREDIT UNION has about 119,819 members and employs 328 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALLSOUTH FEDERAL CREDIT UNION |
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Address: (Main Office) | 730 Elmwood Ave COLUMBIA, SC 29201-2002 |
Phone: | (803) 736-3110 |
Fax: | |
Website: | https://www.allsouth.org |
Branches: | 25 branch locations |
Members: | 119,819 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13828 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,255,875,116 |
CEO/Manager: | William A Koehler |
Chairperson: | Walter B Todd |
ASSETS: | $ Amount |
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Cash & Equivalents | 349,656,964 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 197,678,116 |
Unsecured Loans | 30,686,340 |
Other Loans | 444,261,063 |
TOTAL LOANS | 672,625,519 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,105,000 |
Land And Building | 37,702,906 |
Other Fixed Assets | 3,765,277 |
NCUSIF Deposit | 10,104,196 |
All Other Assets | 996,606 |
TOTAL ASSETS | 1,255,875,116 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 825,996 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,084,194 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 243,644,694 |
Regular shares | 383,338,398 |
All Other Shares & Deposits | 420,898,140 |
TOTAL SHARES & DEPOSITS | 1,047,881,232 |
TOTAL LIABILITIES | 1,054,915,823 |
Regular Reserve | 0 |
Other Reserves | -31,966,642 |
Undivided Earnings | 232,925,935 |
TOTAL EQUITY | 200,959,293 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,255,875,116 |
INCOME & EXPENSE | |
Loan Income | 33,300,050 |
Investment Income | 18,246,043 |
Other Income | 25,481,250 |
Total Employee Compensation & Benefits | 25,016,337 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,944,570 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,249,669 |
Cost of Funds | 6,652,698 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 31,058,998 |
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