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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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 |
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