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ACIPCO FEDERAL CREDIT UNION

Dec, 31, 2023 — ACIPCO FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $192.41 million in total assets. Opened 60 years ago in 1964, ACIPCO FEDERAL CREDIT UNION has about 8,547 members and employs 20 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)
1501 31st Ave N
BIRMINGHAM, AL 35207
Phone:(205) 328-4371
Fax:(205) 251-1513
Website:https://www.acipcofcu.org
Branches:2 branch locations
Members:8,547
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$192,413,821
CEO/Manager:Jo Alvis
Chairperson:Mike Kitchens

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,286,225
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 95,472,975
 Unsecured Loans 5,417,853
 Other Loans 33,423,712
 TOTAL LOANS 134,314,540
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -634,477
 Land And Building 2,382,106
 Other Fixed Assets 124,036
 NCUSIF Deposit 1,594,084
 All Other Assets 19,573
  TOTAL ASSETS 192,413,821
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 1,000,000
 Accounts Payable & Other Liabilities 1,581,303
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,377,975
 Regular shares 39,978,416
 All Other Shares & Deposits 107,364,260
  TOTAL SHARES & DEPOSITS 167,720,651
  TOTAL LIABILITIES 170,301,954
 Regular Reserve 0
 Other Reserves -6,112,310
 Undivided Earnings 28,224,177
  TOTAL EQUITY 22,111,867
  TOTAL LIABILITIES, SHARES, & EQUITY 192,413,821
INCOME & EXPENSE  
 Loan Income 5,102,573
 Investment Income 950,845
 Other Income 378,051
 Total Employee Compensation & Benefits 1,885,825
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,692,755
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 200,000
 Cost of Funds 2,881,760
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 596,382
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