Mar, 31, 2022 — ACIPCO FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $180.19 million in total assets. Opened 58 years ago in 1964, ACIPCO FEDERAL CREDIT UNION has about 8,299 members and employs 19 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) | 1501 31st Ave N BIRMINGHAM, AL 35207 |
| Phone: | (205) 328-4371 |
| Fax: | (205) 251-1513 |
| Website: | http://www.acipcofcu.org |
| Branches: | 2 branch locations |
| Members: | 8,299 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $180,193,410 |
| CEO/Manager: | Jo Alvis |
| Chairperson: | Mike Kitchens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,184,579 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,636,114 |
| Unsecured Loans | 5,335,554 |
| Other Loans | 28,866,444 |
| TOTAL LOANS | 115,838,112 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,783 |
| Land And Building | 2,540,411 |
| Other Fixed Assets | 95,404 |
| NCUSIF Deposit | 1,473,871 |
| All Other Assets | 82,479 |
| TOTAL ASSETS | 180,193,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 597,939 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,559,247 |
| Regular shares | 39,665,103 |
| All Other Shares & Deposits | 100,710,199 |
| TOTAL SHARES & DEPOSITS | 156,934,549 |
| TOTAL LIABILITIES | 157,532,488 |
| Regular Reserve | 0 |
| Other Reserves | 203,202 |
| Undivided Earnings | 22,457,720 |
| TOTAL EQUITY | 22,660,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 180,193,410 |
| INCOME & EXPENSE | |
| Loan Income | 1,355,817 |
| Investment Income | 125,195 |
| Other Income | 78,432 |
| Total Employee Compensation & Benefits | 330,486 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 397,434 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 167,629 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 859,958 |
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