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ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALTON, IL with 1 branch location and about $581,858 in total assets. Opened 66 years ago in 1955, ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 251 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
3212 COLLEGE AVE
ALTON, IL 62002
Phone:(618) 462-8771
Fax:(618) 465-0517
Website:n/a
Branches:1 branch locations
Members:251
Credit Union Type:Federal Credit Union
Charter Number:10308
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$581,858
CEO/Manager:Bradley Sweetman
Chairperson:Mark Harris

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 167,194
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 57,908
 Other Loans 356,311
 TOTAL LOANS 414,219
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,966
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 4,310
 All Other Assets 3,101
  TOTAL ASSETS 581,858
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,111
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 414,312
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 414,312
  TOTAL LIABILITIES 418,423
 Regular Reserve 23,001
 Other Reserves 0
 Undivided Earnings 140,434
  TOTAL EQUITY 163,435
  TOTAL LIABILITIES, SHARES, & EQUITY 581,858
INCOME & EXPENSE  
 Loan Income 6,881
 Investment Income 0
 Other Income 0
 Total Employee Compensation & Benefits 3,995
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,279
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 249
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 358
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