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UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION

Dec, 31, 2020 — UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 3 branch locations and about $52.70 million in total assets. Opened 61 years ago in 1960, UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION has about 8,446 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265176203
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:http://www.usafedcu.com
Branches:3 branch locations
Members:8,446
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$52,702,702
CEO/Manager:Felicia S McKee
Chairperson:Polly Stokley

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,201,067
TOTAL INVESTMENTS 23,740,050
Loans Held for Sale 0
 
 Real Estate Loans 1,952,786
 Unsecured Loans 1,898,837
 Other Loans 15,127,742
 TOTAL LOANS 18,979,365
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -361,082
 Land And Building 521,104
 Other Fixed Assets 126,587
 NCUSIF Deposit 404,231
 All Other Assets 91,380
  TOTAL ASSETS 52,702,702
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 463,392
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,257,873
 Regular shares 35,778,957
 All Other Shares & Deposits 2,812,150
  TOTAL SHARES & DEPOSITS 46,848,980
  TOTAL LIABILITIES 47,312,372
 Regular Reserve 336,492
 Other Reserves 0
 Undivided Earnings 5,053,838
  TOTAL EQUITY 5,390,330
  TOTAL LIABILITIES, SHARES, & EQUITY 52,702,702
INCOME & EXPENSE  
 Loan Income 732,289
 Investment Income 493,696
 Other Income 506,422
 Total Employee Compensation & Benefits 581,449
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 826,390
 Non-operating Income & (Expense) 750
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -14,795
 Cost of Funds 60,540
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 279,573
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