Dec, 31, 2023 — ANDALUSIA MILLS EMPLOYEES CREDIT UNION is a federal credit union headquartered in ANDALUSIA, AL with 1 branch location and about $2.84 million in total assets. Opened 41 years ago in 1983, ANDALUSIA MILLS EMPLOYEES CREDIT UNION has about 776 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ANDALUSIA MILLS EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 200 Waits Dr ANDALUSIA, AL 36421 |
Phone: | (334) 427-3616 |
Fax: | (334) 427-3651 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 776 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23990 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1983 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,840,105 |
CEO/Manager: | Tina M Gantt |
Chairperson: | Greg Sport |
ASSETS: | $ Amount |
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Cash & Equivalents | 872,778 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 425,306 |
Other Loans | 701,672 |
TOTAL LOANS | 1,126,978 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,500 |
Land And Building | 0 |
Other Fixed Assets | 1,457 |
NCUSIF Deposit | 25,674 |
All Other Assets | 0 |
TOTAL ASSETS | 2,840,105 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,191 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,513 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,823,950 |
All Other Shares & Deposits | 386,599 |
TOTAL SHARES & DEPOSITS | 2,210,549 |
TOTAL LIABILITIES | 2,222,253 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 617,852 |
TOTAL EQUITY | 617,852 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,840,105 |
INCOME & EXPENSE | |
Loan Income | 88,730 |
Investment Income | 61,833 |
Other Income | 24,519 |
Total Employee Compensation & Benefits | 90,452 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,731 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,863 |
Cost of Funds | 11,913 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,083 |
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