Dec, 31, 2020 — ALPS FEDERAL CREDIT UNION is a federal credit union headquartered in SITKA, AK with 2 branch locations and about $66.04 million in total assets. Opened 61 years ago in 1960, ALPS FEDERAL CREDIT UNION has about 3,710 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: | 3,710 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $66,038,969 |
| CEO/Manager: | Sandi Riggs |
| Chairperson: | Ron Conner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,786,829 |
| TOTAL INVESTMENTS | 9,600,181 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,930,611 |
| Unsecured Loans | 2,470,525 |
| Other Loans | 17,941,103 |
| TOTAL LOANS | 47,342,239 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -208,747 |
| Land And Building | 721,670 |
| Other Fixed Assets | 119,583 |
| NCUSIF Deposit | 514,261 |
| All Other Assets | 1,162,953 |
| TOTAL ASSETS | 66,038,969 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 213,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,156,226 |
| Regular shares | 28,772,028 |
| All Other Shares & Deposits | 14,462,037 |
| TOTAL SHARES & DEPOSITS | 59,390,291 |
| TOTAL LIABILITIES | 59,604,094 |
| Regular Reserve | 448,462 |
| Other Reserves | 24,207 |
| Undivided Earnings | 5,962,206 |
| TOTAL EQUITY | 6,434,875 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,038,969 |
| INCOME & EXPENSE | |
| Loan Income | 2,258,425 |
| Investment Income | 120,585 |
| Other Income | 707,820 |
| Total Employee Compensation & Benefits | 1,131,588 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,302,409 |
| Non-operating Income & (Expense) | -11,153 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,471 |
| Cost of Funds | 218,430 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 392,779 |
| ↑ Back to Top | |