Dec, 31, 2020 — EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in OPELIKA, AL with 1 branch location and about $18.28 million in total assets. Opened 63 years ago in 1958, EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION has about 3,642 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. BOX 2588 OPELIKA, AL 36803 |
| Phone: | (334) 364-2850 |
| Fax: | (334) 364-2855 |
| Website: | http://www.eamcfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,642 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12383 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,277,133 |
| CEO/Manager: | Kristin Sturges |
| Chairperson: | JEANNIE EDDINS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,193,368 |
| TOTAL INVESTMENTS | 8,874,755 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,354,529 |
| Other Loans | 4,291,776 |
| TOTAL LOANS | 5,646,305 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,535 |
| Land And Building | 403,319 |
| Other Fixed Assets | 5 |
| NCUSIF Deposit | 119,606 |
| All Other Assets | 74,310 |
| TOTAL ASSETS | 18,277,133 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 167 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 139,475 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,021,461 |
| Regular shares | 11,097,506 |
| All Other Shares & Deposits | 383,182 |
| TOTAL SHARES & DEPOSITS | 15,502,149 |
| TOTAL LIABILITIES | 15,641,791 |
| Regular Reserve | 195,221 |
| Other Reserves | 0 |
| Undivided Earnings | 2,440,121 |
| TOTAL EQUITY | 2,635,342 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,277,133 |
| INCOME & EXPENSE | |
| Loan Income | 315,809 |
| Investment Income | 141,152 |
| Other Income | 442,091 |
| Total Employee Compensation & Benefits | 366,772 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 483,718 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,105 |
| Cost of Funds | 17,987 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,470 |
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