Dec, 31, 2023 — LEGACY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 9 branch locations and about $639.52 million in total assets. Opened 69 years ago in 1955, LEGACY COMMUNITY FEDERAL CREDIT UNION has about 39,686 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LEGACY COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 100 Corporate Rdg Ste 200 BIRMINGHAM, AL 35242-2994 |
Phone: | (205) 933-9933 |
Fax: | (205) 930-5019 |
Website: | https://www.legacycreditunion.com |
Branches: | 9 branch locations |
Members: | 39,686 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24421 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $639,517,935 |
CEO/Manager: | S Glenn Bryan |
Chairperson: | John Russell |
ASSETS: | $ Amount |
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Cash & Equivalents | 31,499,985 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 159,395,377 |
Unsecured Loans | 41,577,840 |
Other Loans | 207,529,428 |
TOTAL LOANS | 408,502,645 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -924,814 |
Land And Building | 17,723,795 |
Other Fixed Assets | 430,388 |
NCUSIF Deposit | 5,501,134 |
All Other Assets | 263,872 |
TOTAL ASSETS | 639,517,935 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 789,294 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,415,894 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 123,122,514 |
Regular shares | 220,061,319 |
All Other Shares & Deposits | 221,251,282 |
TOTAL SHARES & DEPOSITS | 564,435,115 |
TOTAL LIABILITIES | 572,640,303 |
Regular Reserve | 0 |
Other Reserves | -16,521,576 |
Undivided Earnings | 83,399,208 |
TOTAL EQUITY | 66,877,632 |
TOTAL LIABILITIES, SHARES, & EQUITY | 639,517,935 |
INCOME & EXPENSE | |
Loan Income | 18,329,825 |
Investment Income | 3,911,732 |
Other Income | 3,789,141 |
Total Employee Compensation & Benefits | 7,468,782 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,353,218 |
Non-operating Income & (Expense) | 6,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 933,042 |
Cost of Funds | 8,708,360 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,247,898 |
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