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 |
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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 |
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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 |
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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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