Dec, 31, 2021 — ALPS FEDERAL CREDIT UNION is a federal credit union headquartered in SITKA, AK with 2 branch locations and about $74.54 million in total assets. Opened 62 years ago in 1960, ALPS FEDERAL CREDIT UNION has about 3,890 members and employs 15 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: | 3,890 |
| 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: | $74,543,349 |
| CEO/Manager: | Sandi Riggs |
| Chairperson: | Ron Conner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,018,681 |
| TOTAL INVESTMENTS | 22,895,805 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,156,245 |
| Unsecured Loans | 1,237,100 |
| Other Loans | 16,908,227 |
| TOTAL LOANS | 41,301,572 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -175,627 |
| Land And Building | 648,276 |
| Other Fixed Assets | 130,519 |
| NCUSIF Deposit | 613,883 |
| All Other Assets | 1,110,240 |
| TOTAL ASSETS | 74,543,349 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 155,340 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,490,764 |
| Regular shares | 33,551,043 |
| All Other Shares & Deposits | 14,629,256 |
| TOTAL SHARES & DEPOSITS | 67,671,063 |
| TOTAL LIABILITIES | 67,826,403 |
| Regular Reserve | 448,462 |
| Other Reserves | -201,207 |
| Undivided Earnings | 6,469,691 |
| TOTAL EQUITY | 6,716,946 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,543,349 |
| INCOME & EXPENSE | |
| Loan Income | 2,202,377 |
| Investment Income | 108,659 |
| Other Income | 805,933 |
| Total Employee Compensation & Benefits | 1,072,275 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,338,929 |
| Non-operating Income & (Expense) | -21,999 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 174,290 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 509,476 |
| ↑ Back to Top | |