Dec, 31, 2023 — CHEM FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in ANNISTON, AL with 1 branch location and about $5.65 million in total assets. Opened 96 years ago in 1928, CHEM FAMILY CREDIT UNION has about 221 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHEM FAMILY CREDIT UNION |
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Address: (Main Office) | 702 Clydesdale Ave ANNISTON, AL 36201 |
Phone: | (256) 237-0651 |
Fax: | (256) 231-8553 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 221 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61055 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1928 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,646,751 |
CEO/Manager: | Rhonda V Heifner |
Chairperson: | Alan Rutherford |
ASSETS: | $ Amount |
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Cash & Equivalents | 223,859 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 825,148 |
Unsecured Loans | 24,786 |
Other Loans | 360,719 |
TOTAL LOANS | 1,210,653 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 61,168 |
All Other Assets | 0 |
TOTAL ASSETS | 5,646,751 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,789 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,495,668 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,495,668 |
TOTAL LIABILITIES | 4,513,457 |
Regular Reserve | 0 |
Other Reserves | 570,298 |
Undivided Earnings | 562,996 |
TOTAL EQUITY | 1,133,294 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,646,751 |
INCOME & EXPENSE | |
Loan Income | 46,950 |
Investment Income | 84,549 |
Other Income | 1,060 |
Total Employee Compensation & Benefits | 38,345 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 40,892 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 53,203 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 119 |
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