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ACIPCO FEDERAL CREDIT UNION

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.


ABA Routing Number: 262087447
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

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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