Dec, 31, 2023 — FORT MCCLELLAN CREDIT UNION is a federally insured state chartered credit union headquartered in ANNISTON, AL with 6 branch locations and about $234.16 million in total assets. Opened 71 years ago in 1953, FORT MCCLELLAN CREDIT UNION has about 15,766 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT MCCLELLAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1010 Golden Springs Rd ANNISTON, AL 36207 |
| Phone: | (256) 237-2113 |
| Fax: | (256) 469-2017 |
| Website: | https://fortmcclellancu.org |
| Branches: | 6 branch locations |
| Members: | 15,766 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61800 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $234,158,503 |
| CEO/Manager: | Angela Smith |
| Chairperson: | Van Roberts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,098,347 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,801,229 |
| Unsecured Loans | 7,419,991 |
| Other Loans | 54,895,497 |
| TOTAL LOANS | 102,788,532 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -660,596 |
| Land And Building | 13,466,020 |
| Other Fixed Assets | 1,265,558 |
| NCUSIF Deposit | 2,002,147 |
| All Other Assets | 82,373 |
| TOTAL ASSETS | 234,158,503 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 113,257 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 1,873,225 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,529,055 |
| Regular shares | 93,341,188 |
| All Other Shares & Deposits | 67,818,908 |
| TOTAL SHARES & DEPOSITS | 190,689,151 |
| TOTAL LIABILITIES | 217,675,633 |
| Regular Reserve | 0 |
| Other Reserves | -13,170,029 |
| Undivided Earnings | 29,652,899 |
| TOTAL EQUITY | 16,482,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 234,158,503 |
| INCOME & EXPENSE | |
| Loan Income | 5,418,991 |
| Investment Income | 2,600,053 |
| Other Income | 1,139,571 |
| Total Employee Compensation & Benefits | 3,654,355 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,958,207 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,227 |
| Cost of Funds | 3,099,714 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -772,472 |
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