Dec, 31, 2023 — OPP-MICOLAS CREDIT UNION is a federally insured state chartered credit union headquartered in OPP, AL with 1 branch location and about $11.60 million in total assets. Opened 70 years ago in 1954, OPP-MICOLAS CREDIT UNION has about 1,609 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OPP-MICOLAS CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 DOUGLAS AVE OPP, AL 36467-2765 |
| Phone: | (334) 493-6434 |
| Fax: | (334) 493-2357 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,609 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62486 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,597,213 |
| CEO/Manager: | KYLER FRAZIER |
| Chairperson: | DANNY F FAULK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 701,232 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,312,198 |
| Unsecured Loans | 13,792 |
| Other Loans | 1,289,167 |
| TOTAL LOANS | 2,615,157 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,555 |
| Land And Building | 175,134 |
| Other Fixed Assets | 30,091 |
| NCUSIF Deposit | 96,498 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,597,213 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,165 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,914 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,341,498 |
| All Other Shares & Deposits | 2,461,076 |
| TOTAL SHARES & DEPOSITS | 8,802,574 |
| TOTAL LIABILITIES | 8,841,653 |
| Regular Reserve | 0 |
| Other Reserves | 1,457,351 |
| Undivided Earnings | 1,298,209 |
| TOTAL EQUITY | 2,755,560 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,597,213 |
| INCOME & EXPENSE | |
| Loan Income | 194,236 |
| Investment Income | 276,034 |
| Other Income | 15,474 |
| Total Employee Compensation & Benefits | 359,773 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 154,145 |
| Non-operating Income & (Expense) | 94,828 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 56,047 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,607 |
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