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ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALTON, IL with 1 branch location and about $470,877 in total assets. Opened 69 years ago in 1955, ALTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 250 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 62002-4750
Phone:(618) 462-8771
Fax:(618) 465-0517
Website:n/a
Branches:1 branch locations
Members:250
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$470,877
CEO/Manager:Christopher Bradley
Chairperson:Bradley Sweetman

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 88,075
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 54,737
 Other Loans 332,892
 TOTAL LOANS 387,628
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,856
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 3,030
 All Other Assets 0
  TOTAL ASSETS 470,877
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 40
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 291,081
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 291,081
  TOTAL LIABILITIES 291,121
 Regular Reserve 0
 Other Reserves 23,001
 Undivided Earnings 156,755
  TOTAL EQUITY 179,756
  TOTAL LIABILITIES, SHARES, & EQUITY 470,877
INCOME & EXPENSE  
 Loan Income 29,737
 Investment Income 0
 Other Income 0
 Total Employee Compensation & Benefits 14,760
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,240
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 888
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,875
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