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CLARKE COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2020 — CLARKE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Grove Hill, AL with 1 branch location and about $2.63 million in total assets. Opened 62 years ago in 1959, CLARKE COMMUNITY FEDERAL CREDIT UNION has about 703 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CLARKE COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 367
Grove Hill, AL 36451
Phone:(251) 275-3007
Fax:(251) 275-4778
Website:http://www.clarkecommunityfcu.org
Branches:1 branch locations
Members:703
Credit Union Type:Federal Credit Union
Charter Number:13018
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1959
Last Audited:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,633,406
CEO/Manager:Sadie Chaney Jackson
Chairperson:Linda McGhee

Call Report

  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 355,242
TOTAL INVESTMENTS 805,395
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 648,892
 Other Loans 829,127
 TOTAL LOANS 1,478,019
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -38,697
 Land And Building 3,121
 Other Fixed Assets 6,128
 NCUSIF Deposit 17,236
 All Other Assets 6,962
  TOTAL ASSETS 2,633,406
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,902,900
 All Other Shares & Deposits 39,523
  TOTAL SHARES & DEPOSITS 1,942,423
  TOTAL LIABILITIES 1,942,439
 Regular Reserve 66,100
 Other Reserves 0
 Undivided Earnings 624,867
  TOTAL EQUITY 690,967
  TOTAL LIABILITIES, SHARES, & EQUITY 2,633,406
INCOME & EXPENSE  
 Loan Income 129,462
 Investment Income 5,025
 Other Income 30,598
 Total Employee Compensation & Benefits 108,195
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 75,378
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 41,000
 Cost of Funds 4,741
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -64,229
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