Credit Unions Near Me
National Credit Union Service Organization

SOCIAL SECURITY CREDIT UNION (SSCU)

Dec, 31, 2023 — SOCIAL SECURITY CREDIT UNION (SSCU) is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $34.40 million in total assets. Opened 77 years ago in 1947, SOCIAL SECURITY CREDIT UNION (SSCU) has about 2,865 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:SOCIAL SECURITY CREDIT UNION
Address:
(Main Office)
1200 Reverend Abraham Woods Jr Blvd
BIRMINGHAM, AL 35285
Phone:(205) 323-7028
Fax:(205) 323-0117
Website:https://www.ssacu.com/
Branches:1 branch locations
Members:2,865
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61391
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1947
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$34,400,273
CEO/Manager:Angelic Pritchett
Chairperson:Henry L Williams

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,275,730
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,554,946
 Unsecured Loans 2,223,202
 Other Loans 8,127,249
 TOTAL LOANS 13,905,397
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -125,447
 Land And Building 0
 Other Fixed Assets 21,235
 NCUSIF Deposit 275,977
 All Other Assets 25,760
  TOTAL ASSETS 34,400,273
LIABILITIES & CAPITAL:  
 Dividends Payable 1,521
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 155,557
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,013,500
 Regular shares 17,604,737
 All Other Shares & Deposits 3,227,682
  TOTAL SHARES & DEPOSITS 26,845,920
  TOTAL LIABILITIES 27,002,998
 Regular Reserve 0
 Other Reserves 2,882,364
 Undivided Earnings 4,514,911
  TOTAL EQUITY 7,397,275
  TOTAL LIABILITIES, SHARES, & EQUITY 34,400,273
INCOME & EXPENSE  
 Loan Income 823,036
 Investment Income 622,569
 Other Income 221,070
 Total Employee Compensation & Benefits 416,317
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 796,715
 Non-operating Income & (Expense) 135,254
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 83,000
 Cost of Funds 40,860
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 465,037
↑ Back to Top

Other Credit Unions

NRS COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION
7400 LONDON AVE
BIRMINGHAM, AL 35206
O'NEAL CREDIT UNION
P O BOX 2623
BIRMINGHAM, AL 35202
ALABAMA POSTAL CREDIT UNION
351 24th St N
BIRMINGHAM, AL 35203-3836
FIREMAN'S CREDIT UNION
1808 7th Ave N
BIRMINGHAM, AL 35203-2201
S R I EMPLOYEES FEDERAL CREDIT UNION
1117 22nd St S
BIRMINGHAM, AL 35205-2813
FEDERAL EMPLOYEES CREDIT UNION
1509 4th Ave S
BIRMINGHAM, AL 35233-1612
HEALTH CREDIT UNION
1400 6TH Ave S
BIRMINGHAM, AL 35233
ALABAMA LAW ENFORCEMENT CREDIT UNION
3712 4th Ave S
BIRMINGHAM, AL 35222-2420
1ST RESOURCE CREDIT UNION
47 W OXMOOR RD
BIRMINGHAM, AL 35209
ACIPCO FEDERAL CREDIT UNION
1501 31st Ave N
BIRMINGHAM, AL 35207