Mar, 31, 2021 — ACIPCO FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $172.49 million in total assets. Opened 57 years ago in 1964, ACIPCO FEDERAL CREDIT UNION has about 8,057 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACIPCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 2727 BIRMINGHAM, AL 35202 |
| Phone: | (205) 328-4371 |
| Fax: | (205) 251-1513 |
| Website: | http://www.acipcofcu.org |
| Branches: | 2 branch locations |
| Members: | 8,057 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16500 |
|---|---|
| Membership Type: | Manufacturing - Primary and Fabricated Metals |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $172,493,310 |
| CEO/Manager: | Jo Alvis |
| Chairperson: | Mike Kitchens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,378,305 |
| TOTAL INVESTMENTS | 29,571,252 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,763,556 |
| Unsecured Loans | 5,096,701 |
| Other Loans | 30,709,954 |
| TOTAL LOANS | 117,570,211 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -266,843 |
| Land And Building | 2,630,871 |
| Other Fixed Assets | 109,931 |
| NCUSIF Deposit | 1,353,068 |
| All Other Assets | 5,146,515 |
| TOTAL ASSETS | 172,493,310 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 273,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,229,931 |
| Regular shares | 33,109,574 |
| All Other Shares & Deposits | 101,404,164 |
| TOTAL SHARES & DEPOSITS | 148,743,669 |
| TOTAL LIABILITIES | 149,017,323 |
| Regular Reserve | 4,696,292 |
| Other Reserves | -2,204,438 |
| Undivided Earnings | 20,984,133 |
| TOTAL EQUITY | 23,475,987 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 172,493,310 |
| INCOME & EXPENSE | |
| Loan Income | 1,406,691 |
| Investment Income | 64,830 |
| Other Income | 69,504 |
| Total Employee Compensation & Benefits | 387,446 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 384,775 |
| Non-operating Income & (Expense) | -80,490 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,721 |
| Cost of Funds | 219,596 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 615,232 |
| ↑ Back to Top | |