Dec, 31, 2023 — ALCOA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BENTON, AR with 1 branch location and about $65.00 million in total assets. Opened 67 years ago in 1957, ALCOA COMMUNITY FEDERAL CREDIT UNION has about 5,939 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALCOA COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1125 Military Rd BENTON, AR 72015 |
| Phone: | (501) 315-5626 |
| Fax: | (501) 315-0459 |
| Website: | https://www.alcoacommunityfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,939 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11913 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,003,303 |
| CEO/Manager: | Steve Brown |
| Chairperson: | Frank Torres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,952,955 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,260,887 |
| Unsecured Loans | 3,402,656 |
| Other Loans | 36,563,284 |
| TOTAL LOANS | 51,226,827 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -256,069 |
| Land And Building | 1,740,887 |
| Other Fixed Assets | 341,471 |
| NCUSIF Deposit | 559,371 |
| All Other Assets | 74,525 |
| TOTAL ASSETS | 65,003,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 143,267 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 585,520 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,720,805 |
| Regular shares | 18,982,044 |
| All Other Shares & Deposits | 28,484,476 |
| TOTAL SHARES & DEPOSITS | 59,187,323 |
| TOTAL LIABILITIES | 59,916,110 |
| Regular Reserve | 0 |
| Other Reserves | 1,076,955 |
| Undivided Earnings | 4,010,238 |
| TOTAL EQUITY | 5,087,193 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,003,303 |
| INCOME & EXPENSE | |
| Loan Income | 2,477,446 |
| Investment Income | 228,579 |
| Other Income | 367,603 |
| Total Employee Compensation & Benefits | 1,238,278 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,434,609 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,992 |
| Cost of Funds | 709,751 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -19,665 |
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