Sep, 30, 2025 — UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 3 branch locations and about $55.27 million in total assets. Opened 66 years ago in 1960, UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION has about 8,427 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 103 Hillcrest Rd MOBILE, AL 36608 |
| Phone: | (251) 706-0255 |
| Fax: | (251) 706-0299 |
| Website: | https://www.usafedcu.com |
| Branches: | 3 branch locations |
| Members: | 8,427 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13659 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,274,887 |
| CEO/Manager: | Felicia S McKee |
| Chairperson: | Polly Stokley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,114,844 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,913,118 |
| Unsecured Loans | 2,061,154 |
| Other Loans | 21,599,452 |
| TOTAL LOANS | 26,573,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -514,642 |
| Land And Building | 415,225 |
| Other Fixed Assets | 2,100 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 425,722 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,274,887 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 490,196 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,476,406 |
| Regular shares | 34,991,811 |
| All Other Shares & Deposits | 2,768,790 |
| TOTAL SHARES & DEPOSITS | 46,237,008 |
| TOTAL LIABILITIES | 46,727,204 |
| Regular Reserve | 0 |
| Other Reserves | 336,492 |
| Undivided Earnings | 8,211,191 |
| TOTAL EQUITY | 8,547,683 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,274,887 |
| INCOME & EXPENSE | |
| Loan Income | 1,179,468 |
| Investment Income | 838,827 |
| Other Income | 183,848 |
| Total Employee Compensation & Benefits | 333,219 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 702,227 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,250 |
| Cost of Funds | 39,381 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,272,631 |
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