Credit Unions Near Me
National Credit Union Service Organization

ALABAMA STATE EMPLOYEES CREDIT UNION (ASECU)

Dec, 31, 2023 — ALABAMA STATE EMPLOYEES CREDIT UNION (ASECU) is a federally insured state chartered credit union headquartered in MONTGOMERY, AL with 9 branch locations and about $398.31 million in total assets. Opened 70 years ago in 1954, ALABAMA STATE EMPLOYEES CREDIT UNION (ASECU) has about 43,886 members and employs 112 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262276397
Name:ALABAMA STATE EMPLOYEES CREDIT UNION
Address:
(Main Office)
4217 Lomac St
MONTGOMERY, AL 36106
Phone:(334) 420-7466
Fax:
Website:https://www.yourasecu.com
Branches:9 branch locations
Members:43,886
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64598
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$398,307,514
CEO/Manager:David J Dean
Chairperson:Carol J Preston

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 25,462,042
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 46,435,618
 Unsecured Loans 24,171,350
 Other Loans 195,146,223
 TOTAL LOANS 267,149,654
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,350,420
 Land And Building 8,449,275
 Other Fixed Assets 1,782,335
 NCUSIF Deposit 3,718,419
 All Other Assets 265,200
  TOTAL ASSETS 398,307,514
LIABILITIES & CAPITAL:  
 Dividends Payable 313,006
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,779,991
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 73,273,799
 Regular shares 125,688,637
 All Other Shares & Deposits 157,353,420
  TOTAL SHARES & DEPOSITS 356,315,856
  TOTAL LIABILITIES 359,408,853
 Regular Reserve 0
 Other Reserves 692,926
 Undivided Earnings 38,205,735
  TOTAL EQUITY 38,898,661
  TOTAL LIABILITIES, SHARES, & EQUITY 398,307,514
INCOME & EXPENSE  
 Loan Income 15,996,986
 Investment Income 3,609,719
 Other Income 4,182,881
 Total Employee Compensation & Benefits 8,814,433
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,896,531
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,405,399
 Cost of Funds 3,963,289
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,943,487
↑ Back to Top

Other Credit Unions

DIXIE CRAFT EMPLOYEES CREDIT UNION
P O Box 177
GOODWATER, AL 35072
MONTGOMERY VA FEDERAL CREDIT UNION
345 PERRY HILL RD
MONTGOMERY, AL 36109
TVH FEDERAL CREDIT UNION
2400 Hospital Rd Bldg 90
TUSKEGEE, AL 36083-5001
PIKE TEACHERS CREDIT UNION
501 University AVe
TROY, AL 36082
FEDMONT FEDERAL CREDIT UNION
330 Eastdale Cir
MONTGOMERY, AL 36117
ALABAMA RURAL ELECTRIC CREDIT UNION
PO BOX 240547
MONTGOMERY, AL 36124
TUSKEGEE FEDERAL CREDIT UNION
304 W Montgomery Rd
TUSKEGEE, AL 36083-1520
EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION
509 E THOMASON CIR
OPELIKA, AL 36801-5431
FOUR SEASONS FEDERAL CREDIT UNION
2915 Pepperell Pkwy
OPELIKA, AL 36801-6127
SYCAMORE FEDERAL CREDIT UNION
18070 AL Highway 21
TALLADEGA, AL 35160