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UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION

Mar, 31, 2021 — UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 3 branch locations and about $56.17 million in total assets. Opened 61 years ago in 1960, UNIVERSITY OF SOUTH ALABAMA FEDERAL CREDIT UNION has about 8,475 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:8,475
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$56,170,952
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 10,556,148
TOTAL INVESTMENTS 25,331,050
Loans Held for Sale 0
 
 Real Estate Loans 2,013,144
 Unsecured Loans 1,776,399
 Other Loans 15,701,187
 TOTAL LOANS 19,490,730
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -366,973
 Land And Building 514,710
 Other Fixed Assets 123,697
 NCUSIF Deposit 404,231
 All Other Assets 117,359
  TOTAL ASSETS 56,170,952
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 659,275
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,591,305
 Regular shares 38,668,174
 All Other Shares & Deposits 2,824,824
  TOTAL SHARES & DEPOSITS 50,084,303
  TOTAL LIABILITIES 50,743,578
 Regular Reserve 336,492
 Other Reserves 0
 Undivided Earnings 5,090,882
  TOTAL EQUITY 5,427,374
  TOTAL LIABILITIES, SHARES, & EQUITY 56,170,952
INCOME & EXPENSE  
 Loan Income 181,012
 Investment Income 75,589
 Other Income 50,526
 Total Employee Compensation & Benefits 131,452
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 208,645
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 941
 Cost of Funds 16,191
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 37,045
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