Dec, 31, 2023 — EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in OPELIKA, AL with 1 branch location and about $20.71 million in total assets. Opened 66 years ago in 1958, EAST ALABAMA COMMUNITY FEDERAL CREDIT UNION has about 3,202 members and employs 5 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) | 509 E THOMASON CIR OPELIKA, AL 36801-5431 |
Phone: | (334) 364-2850 |
Fax: | (334) 364-2855 |
Website: | https://www.eamcfcu.com |
Branches: | 1 branch locations |
Members: | 3,202 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,712,577 |
CEO/Manager: | Kristin Sturges |
Chairperson: | JEANNIE EDDINS |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,717,880 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,288,788 |
Other Loans | 4,857,538 |
TOTAL LOANS | 6,146,326 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,366 |
Land And Building | 366,629 |
Other Fixed Assets | 37,651 |
NCUSIF Deposit | 162,614 |
All Other Assets | 0 |
TOTAL ASSETS | 20,712,577 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 336 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 67,931 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,278,442 |
Regular shares | 12,714,659 |
All Other Shares & Deposits | 936,540 |
TOTAL SHARES & DEPOSITS | 17,929,641 |
TOTAL LIABILITIES | 17,997,908 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,714,669 |
TOTAL EQUITY | 2,714,669 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,712,577 |
INCOME & EXPENSE | |
Loan Income | 312,366 |
Investment Income | 156,477 |
Other Income | 287,954 |
Total Employee Compensation & Benefits | 346,805 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 529,726 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,465 |
Cost of Funds | 38,313 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,276 |
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