Dec, 31, 2023 — ALABAMA POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 0 branch location and about $5.87 million in total assets. Opened 97 years ago in 1927, ALABAMA POSTAL CREDIT UNION has about 868 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALABAMA POSTAL CREDIT UNION |
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Address: (Main Office) | 351 24th St N BIRMINGHAM, AL 35203-3836 |
Phone: | (205) 252-4812 |
Fax: | (205) 251-2829 |
Website: | https://alabamapostalcu.com |
Branches: | 0 branch locations |
Members: | 868 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64645 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1927 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,866,272 |
CEO/Manager: | Randy V Allen |
Chairperson: | James A Schilling |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,003,134 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 759,573 |
Other Loans | 1,536,366 |
TOTAL LOANS | 2,295,939 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -74,686 |
Land And Building | 0 |
Other Fixed Assets | 1,330 |
NCUSIF Deposit | 32,409 |
All Other Assets | 0 |
TOTAL ASSETS | 5,866,272 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,988 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,573,137 |
All Other Shares & Deposits | 786,903 |
TOTAL SHARES & DEPOSITS | 3,360,040 |
TOTAL LIABILITIES | 3,369,028 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,497,244 |
TOTAL EQUITY | 2,497,244 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,866,272 |
INCOME & EXPENSE | |
Loan Income | 263,665 |
Investment Income | 160,350 |
Other Income | 13,252 |
Total Employee Compensation & Benefits | 153,692 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 79,369 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 60,603 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 143,603 |
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