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 |
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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 |
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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 |
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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 |
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