Jun, 30, 2021 — ALPS FEDERAL CREDIT UNION is a federal credit union headquartered in SITKA, AK with 2 branch locations and about $70.12 million in total assets. Opened 61 years ago in 1960, ALPS FEDERAL CREDIT UNION has about 3,806 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALPS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 401 HALIBUT POINT RD SITKA, AK 99835-7301 |
| Phone: | (907) 747-6261 |
| Fax: | (907) 747-8038 |
| Website: | http://www.alpsfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,806 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13865 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $70,123,819 |
| CEO/Manager: | Sandi Riggs |
| Chairperson: | Ron Conner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,996,763 |
| TOTAL INVESTMENTS | 8,915,236 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,005,918 |
| Unsecured Loans | 2,401,690 |
| Other Loans | 17,563,088 |
| TOTAL LOANS | 44,970,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,787 |
| Land And Building | 695,376 |
| Other Fixed Assets | 131,247 |
| NCUSIF Deposit | 575,893 |
| All Other Assets | 1,019,395 |
| TOTAL ASSETS | 70,123,819 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 346,460 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,098,522 |
| Regular shares | 31,870,862 |
| All Other Shares & Deposits | 14,160,497 |
| TOTAL SHARES & DEPOSITS | 63,129,881 |
| TOTAL LIABILITIES | 63,476,348 |
| Regular Reserve | 448,462 |
| Other Reserves | -32,208 |
| Undivided Earnings | 6,231,217 |
| TOTAL EQUITY | 6,647,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,123,819 |
| INCOME & EXPENSE | |
| Loan Income | 1,144,441 |
| Investment Income | 49,453 |
| Other Income | 448,963 |
| Total Employee Compensation & Benefits | 565,424 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 714,345 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 92,087 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 271,001 |
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